“There are three main groups of Thai products exported to Myanmar: Fuel. Consumer goods Factors of production of capital goods It is not as smooth as before. Why Myanmar restricts imports This means that some products can be produced by ourselves. It is a non-essential product. It’s a challenge.”
3 challenge factors
The first factor, the situation, affects trust and affects the logistics system in some areas.
“The data must be evaluated. What is the truth? What is an opinion? You have to separate truth from opinion. Come and see with your own eyes, come and feel with yourself. Come and listen to the people in Myanmar. according to reality”
The second factor, the economy, limits imports. Import only what is necessary, such as medicines, fuel, machinery, production equipment (capital factors), products for further production.
“The policy that will follow When Myanmar reduces its trade deficit increase exports Increase domestic production necessary import control must be within the rules of Myanmar.”
The third factor is trade regulations (Regulations), including import licenses, including food and pharmaceuticals (MFDA), foreign currency liquidity.
exchange rate For exports and imports, the last 65/35 means export 100% in exchange for the market rate (1 US dollar, the market price is 3,700 – 3,800 kyat), get 65%, the remaining 35% must be exchanged with the official rate rate. (Official price: 1 USD equals 2,100 kyat)
“The exchange rate issue is the first button. affecting imports Since this causes a fair amount of foreign money to flow into the market, including import licenses, we are trying to solve the problem. Both went to meet the Bank of Myanmar (CBM), Ministry of Commerce. Ministry of Investment Agencies related to the financial economy Request relaxation step by step depending on the situation.
Other regulations, such as military conscription laws, affect worker confidence, but in reality the situation is not at that level. It will be resolved eventually. Similar to the situation in the Myawaddy-Mae Sot area. Because the situation is better
“This kind of situation There are fewer competitors right now is not a red ocean, but if it comes during the open economy, the market may be red and a lot of people may come. But it has to have a selling point, a selling point, an opportunity for people who want to stare at it.”
Laem Chabang – Yangon Port, alternative route
Another factor that constitutes a “limit” in entrepreneurial activity is the logistics system. When the Myawaddy-Mae Sot checkpoint is inconvenient for transporting goods for commercial activities, which “commercial gate” is the best “alternative”?
“There are many gates along the border, one is Mae Sai-Tachileik checkpoint, the second is Kanchanaburi, Phu Nam Ron-Tiki checkpoint, the international gate is from Laem Chabang to Yangon port. It has an advantage: it is a container, but it takes a little longer, 2 weeks, but it is safe.”
Currently, the border crossings between Thailand and Myanmar include 5 permanent border crossings, 14 aid stations and 1 temporary border crossing.
“The situation in Myanmar is no matter what. must go on Trade must continue Security cannot be controlled. We need to monitor and adapt.”
“The point is that we must have mutual benefits for both countries. Benefits for the country Benefits for businesses and benefits for people are the best. If you answer the question of how the product is beneficial to Myanmar and partner companies, with consumers, how will it be sustainable?”
Non-RED Zone 100%
“The situation is present only in some areas. People still live normal lives, it’s not a 100% red zone, there are some border points and some periods where there are conflicts.”
“It doesn’t matter what situation arises. Business opportunities and demand exist in every situation. Thailand and Myanmar have had border areas next to each other for hundreds of millions of years. Good, bad, not good. They are economic partners.”
“There is only one country in the world, Myanmar, which is located next to the most populated countries in the world: China and India. It is a production base for export all over the world.”
Myanmar is not alone in ASEAN. But there’s still a 15-nation Regional Economic Partnership (RCEP) agreement just waiting for Springboard Day.
“Every challenge always has an opportunity. Understanding, adapting, finding alternatives. You have to have the courage to fight. Every time things get better, sooner or later, one day it will definitely get better. There will be a day,” said the trade ambassador in Yangon. concluded.
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