Entrepreneurs advocate for fisheries hub establishment in Myeik Taninthayi Region to boost revenue

Businesspersons pointed out the need to develop the International Fish Auction Market in Myeik in order to raise revenue.
The Fish Auction Market in Myeik, Taninthayi Region, was opened more than 20 years ago, to create a major fish market in Myanmar. However, it failed to be reconstructed under the previous administrations. Lack of an international fish market might render revenue loss of over US$30 billion for the State, a businessperson said.
“Taninthayi coastal region is the main seafood supplier to Ranong, Thailand. The seafood is sent to the Mahachai market, the fisheries hub of Thailand with over 6,000 factories and workplaces and the market runs operations with Myanmar migrant workers and Myanmar’s fisheries. It is a loss of human capital and foreign currency earnings. I would like to request the authorities to consider this project to protect this great opportunity,” MD Daw Htay Htay Win of Myeik Fish Auction Market.
“We like to return the fish market to our home country. Developing the fish auction market is to create a big market, encourage the SMEs engaged in fisheries business, receive the revenue for the State and make a sustainable investment for future generations,” she emphasized.
Myanmar Investment Commission (MIC) gave the green light to bring in capital of US$70 million in the fish market.
“Our fish auction market covers over 100 acres and there is sufficient land for the construction of cold storage facilities, and jetties. There is already a jetty, fish market, and one-stop-service office complex in Myeik,” she added.
If Intl’ Fish Auction Market is developed rather than many small auctions, it will bring about a positive impact on the country and in various sectors, locals shared opinions. — Myint Oo/EM

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