OVERVIEW OF MYANMAR

Presented By: Group 12

Table of Content
Social Etiquette Business Etiquette Trade Statistics Recommended Product for Export by India

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Social Etiquette
Myanmar (Burmese) people have different view on upper and lower parts of the body. Upper part is considered sacred while lower part is considered inferior to the upper part. For example, towel used for the lower part should never be mixed with the upper part, especially the one used for the head and the one for the feet Never clean your feet in the basin you used to clean your hands and face Never touch a persons hair, head or cheek, even if you consider it as a friendly gesture. Myanmar people would not consider it friendly, and will think you are rude Dont point your feet towards Buddhas image, elder person or any sacred place. Better not to point your feet to anybody at all It is a custom to remove your shoes before entering a Burmese home Be careful of the manner if there is a Buddhas shrine in the living room. Avoid pointing your feet to the Lord Buddha as it is considered an insult in Myanmar For Burmese (Myanmar), head is the most sacred part of the human body while feet are the most inferior part In Myanmar, they dont have an informal phrase or expression to be used as a greeting. The famous phrase Mingalar Bar is quite formal and nobody use it in the streets. The closest literal meaning of Mingalar Bar is have good things unto you

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Business Etiquette

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Trade Policies
Foreign Trade can be carried out under 3 systems Traditional exchange under Barter Mechanism:
Locally produced items for value up to US Dollar 1000 can be exchanged between local people residing up to 40km on the either side of the border under simplified documentation without Importer Exporter Certificate (IEC) from Director General of Foreign Trade(DGFT), Guarantee Receipt(GR) formalities and by way of head or non motorized transport system. Under this system, import/export is to be balanced by exporting/importing goods of equivalent value within two days. These exchanged goods are to be consumed within 40km and exchangeable items are limited to 40 according to annexure 1 details No duty is chargeable on the goods

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Trade Policies
Border Trade of 40 agreed upon Exchangeable Items
Most part of the Border Trade through Land Custom Station, Moreh is functioning under barter mechanism 40 items are agreed to exchange up to US dollar 20,000 with GR formalities as per Director General of Foreign Trade. Under this system, traders should possess IEC allotted by DGFT The import/export has to be balanced by exporting/importing goods of equivalent value within six months.

Normal/Regular Trade
Indian traders can also export any other goods not included in Annexure I to Myanmar through LCS, Moreh as permissible under the EXIM policy now Foreign Trade policy (2004-2009) as regular/normal export and realize the sale proceeds in any freely convertible foreign exchange like US dollar

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Trade Statistics
Myanmars major import partners are China, Thailand & Singapore Major Imported Product
Mineral fuels, oils, distillation products Machinery, nuclear reactors, boilers Metals Electrical, electronic equipment Plastics and Rubber articles Manmade staple fibres Animal, Vegetable fats and oils Ships, boats and other floating structures Vehicles other than railway, tramway Pharmaceutical products Salt, sulphur, earth, stone, plaster, lime and cement Milling products

Value(USD000)
947748 534758 529842 238593 280673 192326 174556 172170 167987 163419 94449 66785

Major Exported Product

Mineral fuels, oils, distillation products Pearls, precious stones, metals, coins Edible vegetables and tubers Wood and articles of wood Articles of apparel, accessories Fish, crustaceans, molluscs Rubber and articles Cereals Oil seed, oleagic fruits, grain, seed, fruit Footwear, gaiters Meat and edible meat offal Coffee, tea, mate and spices

Value(USD000)
2936006 1923671 891000 607372 332535 318301 194951 169531 71160 52968 15546 10558

Total Imports (USD000) -- 416438

Total Exports (USD000) -- 7625237

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Recommended Product for export to MYANMAR

Tobacco & Beverages
All values are in USD000 Product Tobacco Beverages Import- 2010 1101 1325 Import-2011 20138 286061
Georgia United Kingdom Thailand France Australia Indonesia Japan Exporters Singapore Tobacco -2010 423 6 8 5 44 27 19 282 51 --203 --34 Beverages -2010 288 251 196 177 102 82 61 46 45 28 18 16 10 6

Market for tobacco & Beverages is increasing in Myanmar Indias total export of tobacco & Beverage is USD 692.27million & 5.74 million

United States of America Malaysia Republic of Korea United Arab Emirates Canada China Philippines

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Recommended Product for export to MYANMAR

Motor cycles
All values are in USD000 Product Code 8711 Product Two Wheelers Import2010 311

Current exporters

Motor Cycles-2010 165 78 52 16

Veitnam
Japan China Singapore

Only 2 Percent Of The Myanmar Population Owns A Car, 37% Own Motorcycles And 51% Own Bicycles Indias total export of Motor Vehicles is USD 690.173 million

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References

http://www.intracen.org/country/myanmar/ http://commerce.nic.in/eidb/default.asp http://ficci.com/international.asp?cdid=54527 http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Language=E&Country=MM http://www.myanmar2day.com/myanmar-culture-custom/2008/12/myanmar-etiquette-general-rules/ http://thailand-business-news.com/burma/40301-foreign-investment-in-myanmar-requires-patience#.UBqxBfbiY3g http://mycii.in/KmResourceApplication/E000000056.3333.india_myanmar.pdf http://manipuronline.com/research-papers/border-trade-between-india-and-myanmar-through-moreh-its-trends-andproblems/2010/10/17

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