The Myanmar authorities will privatise some port terminals' handling business, designating at least three port terminals in Yangon to be handed over to tender winning private enterprises for continued and effective operation, the local weekly Voice reported yesterday.
At the docks: Freighters are loaded at the city port of Yangon, Myanmar. The privatisation of port terminals in Myanmar would contribute to the development of sea-borne trade and boost the country's foreign trade
The three Yangon port terminals, operated by the government's Transport Ministry before and now covered by the privatisation plan, include Botataung's, Sule's and Bo Aung Kyaw's as well as some other port areas, the Union of Myanmar Federation of Chambers of Commerce and Industry said.
According to the government's Privatisation Commission, since 2000, two port terminals in Yangon - Asia World's in Ahlone township and Myanmar International Terminal Thilawa (MITT) in Kyauktan township have been put into private run.
The privatisation of port terminals in Myanmar would contribute to the development of sea-borne trade and boost the country's foreign trade, merchants said.
According to the port authorities, the Yangon Port handled a total of about 10 million tonnes of export and import merchandises annually over the past three years, up from previous years, signifying a boost in its foreign trade.
Of the over four million tonnes, export goods, general merchandises, which include rice and rice products, minerals, accounted for three million tonnes, while timber took one million tonnes.
Of the over five million tonnes, import goods, crude oil and oil products represented over 900,000 tonnes.
There were 1,200 international cargo ships berthing at the Yangon port for loading and unloading.
There are some four major port terminals at the Yangon port namely Thilawa, Bo Aung Kyaw, Myanmar Industrial and Asia World.
Myanmar registered a total foreign trade of US$11.2 billion in 2008-09, of which its export amounted to over US$6.7 billion, while its import was valued at over US$4.5 billion, enjoying a trade surplus of US$2.2 billion. Myanmar's foreign trade is mainly with Asian countries, trade with which accounts for 90 per cent of the total. The trade with other Asean members represents 51.3 per cent, European countries 4.8 per cent and American countries 1.5 per cent.
Myanmar main export goods are natural gas, agricultural, marine and forestry products, while its key import goods are machinery, crude oil, edible oil, pharmaceutical products, cement, fertiliser and consumers goods.
At the docks: Freighters are loaded at the city port of Yangon, Myanmar. The privatisation of port terminals in Myanmar would contribute to the development of sea-borne trade and boost the country's foreign trade
The three Yangon port terminals, operated by the government's Transport Ministry before and now covered by the privatisation plan, include Botataung's, Sule's and Bo Aung Kyaw's as well as some other port areas, the Union of Myanmar Federation of Chambers of Commerce and Industry said.
According to the government's Privatisation Commission, since 2000, two port terminals in Yangon - Asia World's in Ahlone township and Myanmar International Terminal Thilawa (MITT) in Kyauktan township have been put into private run.
The privatisation of port terminals in Myanmar would contribute to the development of sea-borne trade and boost the country's foreign trade, merchants said.
According to the port authorities, the Yangon Port handled a total of about 10 million tonnes of export and import merchandises annually over the past three years, up from previous years, signifying a boost in its foreign trade.
Of the over four million tonnes, export goods, general merchandises, which include rice and rice products, minerals, accounted for three million tonnes, while timber took one million tonnes.
Of the over five million tonnes, import goods, crude oil and oil products represented over 900,000 tonnes.
There were 1,200 international cargo ships berthing at the Yangon port for loading and unloading.
There are some four major port terminals at the Yangon port namely Thilawa, Bo Aung Kyaw, Myanmar Industrial and Asia World.
Myanmar registered a total foreign trade of US$11.2 billion in 2008-09, of which its export amounted to over US$6.7 billion, while its import was valued at over US$4.5 billion, enjoying a trade surplus of US$2.2 billion. Myanmar's foreign trade is mainly with Asian countries, trade with which accounts for 90 per cent of the total. The trade with other Asean members represents 51.3 per cent, European countries 4.8 per cent and American countries 1.5 per cent.
Myanmar main export goods are natural gas, agricultural, marine and forestry products, while its key import goods are machinery, crude oil, edible oil, pharmaceutical products, cement, fertiliser and consumers goods.