French busi­ness group seeks trade in­crease

The Myanmar Times - - Business - SU PHYO WIN su­phy­owin@mm­

THE French Myan­mar Cham­ber of Com­merce and In­dus­try is tak­ing a del­e­ga­tion of lo­cal firms to France next month, and is plan­ning to a hold a French fair in Yan­gon later this year as part of ef­forts to boost trade re­la­tions between the two na­tions.

The aim of the trade mis­sion is to help Myan­mar com­pa­nies link up with buy­ers, sup­pli­ers and part­ners in Europe, ac­cord­ing to of­fi­cials from the cham­ber.

“Com­mer­cial re­la­tions between the two coun­tries are de­vel­op­ing and it will con­tinue to be so in the fu­ture,” said Guil­laume Re­bière, ex­ec­u­tive di­rec­tor of CCI France Myan­mar. “We are not only here to help French com­pa­nies in­vest in Myan­mar. We also want to play a part in the sus­tain­able de­vel­op­ment of [the] Myan­mar econ­omy by lo­cal com­pa­nies.”

The in­dus­try body will be look­ing to con­nect French firms with lo­cal com­pa­nies, in­clud­ing those work­ing in the food, agri­cul­ture and tim­ber sec­tors.

Cur­rently, French in­vestors in Myan­mar are largely fo­cused on con­struc­tion, ho­tels and tourism, food and bev­er­age, and oil and gas, the cham­ber said.

Myan­mar im­ports of French products rose 66 per­cent in 2014 to 94 mil­lion euro (US $103 mil­lion). Products rang­ing from aero­nau­ti­cal equip­ment to phar­ma­ceu­ti­cals and cars are among those com­monly shipped in, ac­cord­ing to the CCI France Myan­mar.

Lo­cal ex­ports to France more than dou­bled to 62 mil­lion euro in 2014, with products in­clud­ing jew­elry and gar­ments among those com­monly shipped.

Mr Re­bière said en­sur­ing Euro­pean qual­ity stan­dards for lo­cal products and ad­her­ing to cus­toms pro­cesses in the EU were among the chal­lenges en­coun­tered among lo­cal ex­porters ey­ing the Euro­pean mar­ket. These bar­ri­ers would be over­come, he said, as re­la­tions between the two na­tions developed.

The visit will take place from Oc­to­ber 16 to 20, and the French prod­uct fair will take place on De­cem­ber 1 at Novo­tel Yan­gon Max.

Photo: Thiri Lu

Work­ers stich clothes at a gar­ment fac­tory. Gar­ments and tex­tiles are among the main products that Myanamr ex­ports to France.

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