Vice President Henry Van Thio said fishery products have a good prospect among export products from Myanmar in a coordination meeting on the development of fishery and sugar industries held in Nay Pyi Taw on October 9, according to Ministry of Information.
Out of the export items of the country, the most prospective and least limitation items are the fisheries products.
Myanmar needs factories to produce good quality fishery products in fishery and livestock sector, to require funds to modernize livestock methods and to have good price for value-added products, said Htay Myint, Chairman of Myanmar Fisheries Federation (MFF).
Myanmar earned US$728.257 million from fisheries products’ export from October 1 to September 30 in 2018-19 FY, according to the MFF.
Myanmar exported 590,094.93 metric tons of fisheries products worth US$720.02 million from April 1 2018 to March 31 2019.
Dr Toe Nandar Tin, Vice Chairman of the MFF said Myanmar needs to transform fishery sector to improve fishery resources development.
Vietnam is topped among Asean countries in fisheries industry followed by Thailand, Indonesia and Myanmar.
Myanmar is exporting fish, shrimps and crabs to over 40 countries including Thailand, China, Saudi Arabia and Japan. It is exporting over 20 kinds of fish including trout, mrigal carps, carps, barbus fish and river catfish.
