Though born across the present-day border of India in Nepal, the life of Buddha, Siddhartha Gautama, is synonymous with India. It was in India that the Buddha first spread his teachings, teachings that would flourish from East Asia to the Gandhara civilization in modern Pakistan and Afghanistan.
Myanmar is endowed with one of Asia’s most outstanding geographic locations. Geographically, Myanmar is the Asian economy most strategically positioned to benefit from the dual economic ascension of China and India. Moreover, Myanmar is on the cusp of an industrialization process that should see it rapidly build its domestic manufacturing capacity and, given its abundant and youthful population, become a magnet for foreign direct investment.
The successful establishment of Special Economic Zones (SEZs) is a high priority target for Myanmar, as SEZs will attract foreign investment, promote the export of goods and services and create much needed employment opportunities. Myanmar ́s geographically strategic position between India, China and Thailand provides it with an opportunity to become a new manufacturing base and logistic hub in Southeast Asia. At Present, there are three major SEZs in Myanmar – the Thilawa SEZ, Kyaukphyu SEZ and Dawei SEZ.
Official Name: Republic of the Union of Myanmar
Head of Government: President Win Myint, Vice Presidents Myint Swe and Henry Van Thio
State Counsellor: Aung San Suu Kyi
Type of Government: Parliamentary Republic
Date of Independence: 4th January, 1948
Area: 676,578 sq km
Myanmar is home to one of the world’s oldest oil and gas industries, with oil exploration in Myanmar beginning in the Bagan era (AD 849 – 1297). With the nationalization of the oil industry in 1963, the newly formed state oil company, Myanma Oil and Gas Enterprise (MOGE), assumed all operations of the industry. In 1988, in an effort to revive the struggling industry, the government opened it to foreign firms.
Myanmar gemstones have its in history, from the ancient times right up to the present day. The gemstones include legendary rubies and jadeite favored by Chinese emperors along with curious new materials such as maw-sit-sit.
Agriculture is the backbone of Myanmar’s economy, with approximately 50% of its population engaged in agricultural work. It accounts for approximately 20% of GDP. Myanmar actively supports the agriculture sector to enable inclusive growth, enhanced food security and the promotion of exports. Meanwhile, the livestock and fishery sector is significantly improved in recent years, with approximately 15% of the population engaged in livestock and fishery work. It accounts for approximately 8% of GDP. In brief, Myanmar’s diverse agro-ecological conditions provide a wealth of opportunities for investment across the entire supply chain.
The tourism and hospitality sector in Myanmar has evolved rapidly since the political and economic opening of 2011. Yangon, Bagan, Inle Lake and Mandalay are most visited by tourists. Myanmar offers relatively unexplored treasures of natural beauty throughout the country from Kawthaung in the tropical southeast to Putao in the Himalayas.
Myanmar offers a range of traditional handicrafts and handlooms. For starters, Myanmar lacquerware has a unique style and a long tradition dating back to the 13th century and centered around Bagan in central Myanmar. Myanmar lacquer comes from the Thitsi Tree. The Thitsi tree is grown wild in Shan State and hilly regions. Depending on the process and material used in the manufacturing process, the lacquerware can be classified as Plain Lacquerware, Incised Lacquerware, Gilt Lacquerware or Glass Mosaic Lacquerware.
Yangon International Gems & Jewelry Fair 2021 is organized by GJEA Yangon. GJEA stands for Gems and Jewellery Entrepreneurs Association, formed by all the leading gems and jewelry businesses in Myanmar.We have 5 guests and no members online