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Presented By Mahmudur Rahman ID#1035080 Evana L.Choudhury ID#1130694 Tonima Shetare Nur ID#1130607 Abida Sharmin ID#1130636 Sharmin Ahmed ID#1231104
Myanmar At a Glance
Capital: Naypyidaw Currency: kyat Population: 56 million President: Thein Sein Government: Presidential system, unitary state, Republic, Constitutional Republic Official language: Burmese Language
Sport : The Lethwei and Pongyi thaing martial arts are the national sport in Burma.
Economy at a glance
Economy Of Myanmar
Rank Currency Fiscal year Trade organizations GDP growth GDP by sector 77th Kyat 1 April 31 March WTO, ASEAN, BIMSTEC 5.5% Agriculture: 43%, industry: 20.5%, services: 36.6%.
Inflation (CPI)
Population below poverty line Labor force Unemployment
8.9%
32.7% 32.53 million 5.5%
Economy at a glance
Main industries Agricultural processing; Wood and wood products ; Copper, Tin, Tungsten, iron; cement, construction materials; pharmaceuticals; fertilizer; petroleum an d natural gas; garments, jade and gems. Natural gas, wood products, pulses, beans, fish , rice , clothing , jade and gems. Thailand 38.3%, India 20.8%, China 12.9%, Japan 5.2% Fabric, petroleum products, plastics, fertilizer, machinery, transport equipment, cement, construction materials, crude oil; food products, edible oil. China 38.9%, Thailand 23.2%, Singapore1 2.9%, South Korea 5.8%
Export goods
Industries of Myanmar
Agricultural Products
Rice: The major agricultural produce is rice which covers about 60% of the country's total cultivated land area. Rice accounts for 97% of total food grain production by weight. Rubber: Rubber plantations are being promoted in areas of high elevation like Mong Mao. Sugar: Sugar plantations are grown in the lowlands such as Mong Pawk District.
Garment Production
In March 2012, 6 of Thailand's largest garment manufacturers announced that they would move production to Burma, principally to the Yangon area, citing lower labor costs.
Industries of Myanmar
Oil and Gas
Myanmar Oil and Gas Enterprise (MOGE) is a national oil and gas company of Burma. The company is a sole operator of oil and gas exploration and production, as well as domestic gas transmission through a 1,200 miles (1,900 km) onshore pipeline grid. The Yadana Project is a project to exploit the Yadana gas field in the Andaman Sea and to carry natural gas to Thailand through Myanmar. Sino-Burma pipelines refer to planned oil and natural gas pipelines linking the Burma's deep-water port of Kyaukphyu (Sittwe) in the Bay of Bengal with Kunming in Yunnan province, China.
Gemstones
The Union of Myanmar's rulers depend on sales of precious stones such as sapphires, pearls and jade to fund their regime. 90% of the world's rubies come from the country, whose red stones are prized for their purity and hue. Thailand buys the majority of the country's gems.
Tourism
Since 1992, the government has encouraged tourism. However, fewer than 750,000 tourists enter the country annually.
Legal structure
Legal structure
The legal system of the Union of Myanmar is a unique combination of the customary law of the family, codified English common law and recent Myanmar legislation. The principles of English common and statutory law were implanted in Myanmar by the British law codes of the preindependence India Statutes. These statutory laws based on and incorporating the English common and statutory law of the time, include the Arbitration Act, Companies Act, Contract Act, Evidence Act, General Clauses Act, Negotiable Instrument Act, Registration Act, Sale of Goods Act, Transfer of Property Act, Trusts Act and the Civil and Criminal Procedure Codes.
In 1996, a border trade agreement was signed between the two governments. This allows businessmen to open letters of credit up to US$ 5000 dollars per day. Commercial exchanges between the two countries mostly take the most of informal trade. Bangladesh imports agricultural products, spices, rice and fish from Myanmar and exports pharmaceutical products, small amounts of ready-made garments and Bangladesh-produced cosmetics, which are very popular in Burma
Evidence of Collaboration
Evidence of Collaboration: Myanmar and Bangladesh
A unique case of BangladeshMyanmar cooperation at practical grass-roots level is the successful microcredit project replicated by the Grameen Trust in the Delta Zone of Myanmar, bringing together 13,000 families within its loan network with an excellent record of recovery. The project which is sponsored by UNDP is run by six Bangladesh staff members of Grameen. ArabBangladesh Bank set up a representative office in Rangoon. To promote bilateral trade and facilitate trade transaction, the two countries are establishing direct banking system to replace trade payments settled through the third countries of Thailand and Singapore. Square a leading Bangladesh pharmaceutical company set up an office in Rangoon.
Evidence of Collaboration
During the July-April period of fiscal 2011-12, Bangladesh exported goods worth $11.05 million to Myanmar and imported goods worth $45.10 million, as per data from the commerce ministry, Bangladesh Official statistics show that Myanmar exported 23,000 tons of marine products to Bangladesh annually, standing as Bangladesh's fifth largest marine products importing country out of 30. Bangladesh and Myanmar are actively pursuing a settlement through bilateral negotiations and the International Tribunal for the Law of the Sea (ITLOS). Both maritime baselines and the legal principles for defining exclusive economic zones will be key issues in the proceedings
Why Myanmar?
Government Dedicated to Reforming the Economy Suspension of Economic Sanctions Increased International Support Location Natural Resources Geography Increasing Trade Integration Improving Transport Connectivity Under-penetrated, Growing Domestic Consumer Market Future Upgrade of Stock Exchange