Myanmar event to highlight agricultural industry opportunities

Myanmar AgriTrade YangonThe Into Myanmar AgriTrade, Investments & Technology Global Summit, which will take place in Yangon from 19-21 June 2013, will attempt to tap into the country's rich agricultural potential and highlight its emerging investment, production, agricultural processing and trading opportunities

The summit, the second in the series, has been organised with the support of a host of domestic industry organisations such as the Myanmar Rice Federation, the Myanmar Farmer Association, the Myanmar Livestock Federation, and the Myanmar Fruit, Flower & Vegetable Producer and Exporter Association.

Among the global companies set to showcase technologies and equipment at the exhibition will be South Korea's Daewon GSI, Turkey’s Alapala Group, Belgium’s DRL Import and Export Company and India’s Fowler Westrup.

Maggie Tan, CEO of conference organisers Magenta Global Pte Ltd, Singapore, said, "We are very pleased to be working with the various stakeholders in the Myanmar agricultural sector to promote and spur developments in this sector.

"More than 200 participants from some 25 countries will be attending this summit to evaluate trade and investment opportunities and structure new business partnerships and trading arrangements.

"This is the only comprehensive event that brings the governments, state-owned trading companies, local and international conglomerates, traders, buyers and sellers from the entire value chain together in one singular setting," Tan added.

The three-day event will look to provide exhibitors and visitors with information relating to a new Foreign Investment Act, passed by the country's government last year, which will aim to provide incentives and protection for foreign investments into the country.

New bylaws, including those for the agricultural sector, once passed, will provide more clarity and confidence to foreign investors. As investments in post-harvest activities continues to increase, it has been hoped that better quality rice with competitive prices will be exported from the country.

Countries such as the US, Japan, Korea, India, China, Taiwan, Israel, the Netherlands and Belarus have undertaken to transfer relevant farm and crop technologies to Myanmar farms, improving productivity and efficiency. New markets such as Japan, Korea, Russia and the Middle East are, meanwhile, being sought for Myanmar farm produce.

The summit will provides an update on market potential and new business opportunities in Myanmar’s livestock sectors, including setting up distributorship and agency network, meeting animal health and feed requirements, regulatory and registration challenges and the potential for exported livestock products.

Organisers Magenta Global have also extended this year's edition of the show to include an additional day on Myanmar’s 'Livestock, Feed and Food Processing Opportunities', which will take place on 21 June 2013.


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