EU project aims to develop Myanmar aquaculture sector, increase exports to Europe

 Fish are farmed in an artificial pond in Ayeyawady Region, where fish and shrimp farming businesses are likely to receive funding as part of an EU aquaculture project.
Fish are farmed in an artificial pond in Ayeyawady Region, where fish and shrimp farming businesses are likely to receive funding as part of an EU aquaculture project.

The European Union is set to launch a new aquaculture development project in Myanmar, the EU ambassador to the country said Thursday.
“We are working to develop the new project worth 20 million euros (US $22.4 million) because we believe that aquaculture is very important for Myanmar,” EU Ambassador to Myanmar Mr Roland Kobia told The Global New Light of Myanmar.
In 2013, the EU sent its first ambassador to Myanmar, while also granting it access to the EU’s generalized system of preferences, allowing the country to send unlimited exports, including fishery products, to the EU.
Since then, the EU has become an important destination for Myanmar’s marine products.
The ambassador said the EU wished to help Myanmar develop its aquaculture sector and enhance its ability to provide exports to Europe.
U Win Kyaing, general secretary of Myanmar Fisheries Federation, said an EU expert is currently in Myanmar conducting a study on the country’s shrimp and fish farming operations.
The aquaculture project, funded as part of a 1 billion euro EU aid package to Myanmar, is slated to start soon after his findings and MFF suggestions are collated, the general secretary added.
According to the ministry’s data, aquaculture is integral to the country’s fishery sector. Between 1991 and 2013, the area of aquaculture cultivation increased from 12,225 to 180,614 hectares, while production rose from 6,397 to 944,809 metric tons. The sector employed around 130,000 farm workers in 2014.

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