EU

Shrimp exports to reach US$2.6 bln in 2013 0

Vietnam Shrimp ProcessingSource: The Voice of Vietnam

Vietnam expects to earn around US$2.6 billion from shrimp exports in 2013, up by 15 percent against last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The positive forecast has been attributed to the sharply increasing price of domestic shrimp, which is expected to bring higher profits to shrimp breeders and accelerate shrimp hatching to ensure a steady supply for export. More…

Tony Blair to advise Vietnamese government 0

Dung trongSource: Thanh Nien News

Former British Prime Minister Tony Blair has struck a deal to advise the Vietnamese government on economics and trade, The Telegraph reported Sunday.

A team of Blair’s consultants are working with the foreign ministry to support economic and trade links with the UK and the European Union, according to the report. More…

Vietnam’s EU exports hit US$13.5 billion in seven months 0

vietnam costSource: The Voice of Vietnam

The two-way trade turnover between Vietnam and the EU reached US$19 billion over the past seven months, with Vietnam’s trade surplus hitting US$13.5 billion, up 24.2 percent over last year’s period. More…

EU grants Myanmar preferential trade rights 0

The EU scheme grants developing nations preferential access to the 27-nation bloc for several products in the form of lower tariffs.

The EU scheme grants developing nations preferential access to the 27-nation bloc for several products in the form of lower tariffs.

Reposted from Mizzima

The European Union on Wednesday readmitted Myanmar to its trade preference scheme, saying it wanted to support reform in the once pariah state through economic development.

Myanmar’s membership of the scheme was withdrawn in 1997 due to concerns over the use of forced labour under the then-military junta.

But the EU said the International Labour Organisation had last year reported “necessary improvements” to labour practices in Myanmar, which was formerly known as Burma. More…

Exporters gearing up for European market 0

Fishery exports from processing plants like the one above are expected to surge

Fishery exports from processing plants like the one above are expected to surge

Reposted from The Myanmar Times
By Aye Thidar Kyaw

Local exporters are scrambling to take advantage of Myanmar’s new access to the European market, with dozens of executives from the agriculture, manufacturing and fisheries industries gathering for a two-day seminar last week to learn how to ensure their products meet EU standards.

Daw Khine Khine Nwe, joint-secretary general of Union of Myanmar Federation of Chambers of Commerce and Industry – which organised the seminar on May 2 and 3 – pointed to Cambodia to show how preferential access to the EU could benefit exporters. “Cambodian officials say their export volume to EU countries increased about 66 percent since it received GSP access. We should try to do the same,” she said.

Federation president U Win Aung was more cautious, saying catching up with competitors would take time because Myanmar’s economic reform process was far from complete. New laws and policies are required, he said. More…

Myanmar anticipates total lift of EU sanctions 0

Aung San Suu Kyi

Aung San Suu Kyi

Reposted from Global Times

Foreign ministers of the European Union (EU) are due to meet in Luxembourg on Monday to make a decision to withdraw all sanctions against Myanmar, exactly a year after the regional grouping announced suspension of most sanctions against the country for a year except arms embargo.

EU’s expected total lifting of all sanctions against Myanmar in recognition of its significant reform process would boost EU’s investment in the country and further promote Myanmar-EU relations.

In March this year, Myanmar President U Thein Sein paid an 11- day goodwill visit to the five European countries of Norway, Finland, Austria, Belgium and Italy. The milestone trip has brought about enhancement of bilateral ties with the EU countries. More…

EU privileges utilised best by Bangladesh 0

William Hanna, ambassador and head of delegation of EU to Bangladesh

William Hanna, ambassador and head of delegation of EU to Bangladesh

Reposted from The Daily Star

Bangladesh has emerged as a huge success story and benefited most as a least developed country from preferential market access to Europe, William Hanna, ambassador and head of delegation of EU to Dhaka, said yesterday. More…

Promoting EU-Bangladesh relations 0

Reposted from The Financial Express
By Md Shariful Islam

This year the Nobel Peace Prize was awarded to the European Union (EU), an institution that has been “a sign/symbol of peace, prosperity, and development throughout the world.” It makes sense that a great honour goes or should go to one who works in promoting peace and prosperity. With the EU awarded the Nobel Peace Prize, it emerges as shouldering a greater responsibility to work for the millions of hungry, poverty-stricken people around the globe. More…

[Bangladesh] Citrus export to European countries resumes after restriction 0

Jara Lemon from Bangladesh

Jara Lemon from Bangladesh

Reposted from The Financial Express

The export of Jara Lemon, a big variety of citrus, to European countries has got a large boost over the last six months after the restriction on Bangladeshi citruses imposed by the United Kingdom (UK) was withdrawn in November last year after three months, reports UNB. More…

Partnership agreement to lift Vietnam-EU ties 0

Vietnamese Foreign Minister Pham Binh Minh and EU High Representative for Foreign Affairs and Security Policy Catherine Ashton sign the PCA in Brussels on June 27, 2012

Vietnamese Foreign Minister Pham Binh Minh and EU High Representative for Foreign Affairs and Security Policy Catherine Ashton sign the PCA in Brussels on June 27, 2012

Reposted from Sai Gon Giai Phong

The signing of a Partnership and Cooperation Agreement (PCA) marks an important qualitative development in the Vietnam-EU relationship, Foreign Minister Pham Binh Minh said in an interview granted to the press in Brussels on June 28.

The Vietnamese Foreign Minister and EU High Representative for Foreign Affairs and Security Policy Catherine Ashton signed the PCA between Vietnam and the EU at the EU headquarters in Brussels on June 27. More…

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