Taiwan Textile Machinery And Other Products Enter Burma Market.

2008

However, Burma's economic and trade strength can not be underestimated. From 1 to May this year, the amount of Taiwan exported to Burma amounted to US $40 million, compared with 29 million 700 thousand US dollars in the same period last year, it has grown 34.6%, and the growth rate has exceeded 29% of Vietnam.

The average annual economic growth rate in Burma from 2000 to 2004 is over 10%. In particular, this year (2010) will meet the requirements of the European and American countries and hold a national election. If the process goes smoothly, the European and American countries will be able to lift their economic sanctions, and Burma's economy will fly up to the sky.

The rich natural resources are also one of the main reasons for attracting foreign investment. The total oil reserves have been more than 700 million barrels, and the total reserves of natural gas are 500 billion cubic meters. Foreign investment in oil and natural gas exploration and development projects in foreign countries has reached 2 billion 730 million US dollars. France TOTAL and Japan Nippon Oil have invested in Burma.

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The world bank has described this country as "the most abundant biological resource bank in Asia". Because it has abundant resources of oil, natural gas, gold, silver, precious stones, tin, tungsten and teak, it has indirectly grasped the lifeblood of the future global economy.

In order to strengthen bilateral economic and trade relations between Taiwan and Burma, Taiwan foreign trade association has signed a memorandum of understanding with Burma Federation of trade and industry (UMFCCI) in 2009.

According to Mr. Zaw Min Win, vice president of the association, it has a large domestic demand market and participates in the regional integration plan of "Mekong River Basin, ASEAN 10 plus 1 and Bangladesh bay". Among them, Burma's "Bangladesh Gulf regional economic cooperation organization" will effectively attract investment from India, Bangladesh and Pakistan, and has unlimited potential for development in the future.

By the end of 2008, the total investment of foreign countries in Burma was US $15 billion 700 million. Taiwan Daxin Industrial Company, which has set up factories for more than 10 years in the local area, chose to produce casual windbreaker and coats in the Ming and Canada Industrial Area in Yangon, employing over 1000 employees.

According to Chen Wuyao, director of the factory, the local people believe in Buddhism, good people and good law and order. This is the competitive advantage of Burma.

In view of the optimistic outlook for the future economy of Kampuchea and Burma, and the government of Kampuchea and Burma actively developing people's livelihood and the import substitution industry, the demand for machinery and equipment and components needed for import production will increase.

At present, the products that are worthy of renovation by Taiwan businessmen include food and fishery products processing machinery, plastic rubber machinery,