THE export value of marine products from 1 October to 21 August in the current financial year (FY) hit about US$780 million, an increase of over $114 million compared to that of last FY, according to the statistics released by the Commerce Ministry. During the past 11 months of this FY, the aquatic exports fetched $778.3 million whereas the export value of fisheries last year was $663.94 million, according to the Ministry of Commerce.
Myanmar exports aquatic products such as fish, prawn and crab to over 40 countries including China, Saudi Arabia, Japan and Thailand.
At present, the authorities are exerting efforts with respect to aquatic resource conservation as well as effectuation of sustainable development in the country’s marine sector. Also, the Fisheries Department is making efforts to earn $1 billion in conjunction with respective organizations and entrepreneurs in the current financial year.
Myanmar Fishery Federation (MFF) is trying to increase aquatic export earnings by developing fish farming lakes which meet international standard and adopt the advanced fishing techniques.
Zwe (Translated by Hay Mar)
