Map of Myanmar

Country Profile

Overview

Myanmar FlagRich in natural resources but classified by the UN as one of the world’s 49 Least Developed Countries (LDC), Myanmar’s economy and standard of living sunk due to poor macroeconomic management.
Since the transition to a civilian government in 2011, Myanmar has begun an economic overhaul aimed at attracting foreign investment and reintegrating into the global economy. Economic reforms have included establishing a managed float of the Burmese kyat in 2012, granting the Central Bank operational independence in July 2013, and enacting a new Anti-corruption Law in September 2013. These changes have begun to pay dividends with FDI increasing. More changes will be needed to bring the country up to the standards of its neighbours.

Trade, Services and Investment

After decades of limited interaction while Myanmar was under military rule, there have been a number of high-levelMyanmar coat of Arms visits since 2011. The opening of the New Zealand Embassy Office in Yangon in September 2013 demonstrates the importance New Zealand places on the Myanmar relationship.

Business linkages are currently growing from a modest base. Key sectors of interest include dairy, agribusiness, consultancy services and telecommunications. NZTE’s Trade Commissioner in Bangkok is accredited to Myanmar. New Zealand’s trade relationship with Myanmar is small but growing. Dairy products account for around 90% of New Zealand’s exports. Services trade is currently low.

Country Statistics

Constitutional:   Parliamentary government
Capital:  Naypyidaw
Major Cities:  Yangon, Mandalay, Mandalay, Mawlamyine

Head of State President:  THEIN SEIN (since 2011)
Population:  55,746,253 (2013 est.)
GDP (PPP): US $111.1 billion (2013 est.)
GDP per capita:  US $1,700 (2013 est.)
Total Export Trade: US $9.043 billion (2013 est.)
Main Exports natural gas, wood products, pulses, beans, fish, rice, clothing, jade and gems
Total Import Trade:  US $10.11 billion (2013 est.)
Main Imports:  Fabric, petroleum products, fertilizer, plastics, machinery, transport equipment; cement, construction materials, crude oil; food products, edible oil

Exports to NZ
NZ$1 million (2013)

Main export to NZ
Wood

Imports from NZ
NZ$20 million (2013)

Main Imports from NZ
Dairy

Total FDI
http://www.asean.org/resources/category/asean-statistics

US$1,152 million (2012 est.)

Trade agreement(s) with NZ

ASEAN-Australia-New Zealand FTA (AANZFTA) Agreement

Quick Links

Latest Currency Converter (Currency Kyat):  http://asean.fta.govt.nz/currency-converter/

Tariff Finder:  http://asean.fta.govt.nz/tariff-finder/

NZ Government Travel Advice:   https://www.safetravel.govt.nz/south-east-asia

ANZBC Myanmar Chapter Chair:   http://asean.org.nz/about-us/executive-committee/

Doing business in ASEAN – Myanmar

NZ Ministry of Foreign Affairs & Trade Myanmar profile: http://www.mfat.govt.nz/Countries/Asia-South-and-Southeast/Myanmar.php

Latest monthly trade with NZ:

Trade by Commodity:  http://asean.wisdomhealthprosperity.net/wp-content/uploads/2014/11/NZ-ASEAN-Merchandise-Trade-Summary-July-2014.pdf

Trade with ASEAN:  http://asean.wisdomhealthprosperity.net/wp-content/uploads/2014/11/NZ-ASEAN-Trade-Travel-Linkages-September-2014.pdf

Myanmar’s Embassy in Australia

Website: http://mecanberra.com.au/
Email: mecanberra@bigpond.com

NZ Head of Mission

The New Zealand Embassy in Bangkok (Thailand) is accredited to Myanmar:
http://www.nzembassy.com/thailand/about-the-embassy/contact-us

A representative office has been opened in Yangon (2013):
http://www.nzembassy.com/thailand/about-the-embassy/new-zealand-embassy-office-myanmar/new-zealand-embassy-office-myanmar

Myanmar National Newspaper (The Times):  http://www.mmtimes.com/

World Bank’s Myanmar Profile:   http://ddp-ext.worldbank.org/ext/ddpreports/ViewSharedReport?&CF=1&REPORT_ID=9147&REQUEST_TYPE=VIEWADVANCED&HF=N&WSP=N

Myanmar International Trade Website:  http://www.atpf.org/en/org/myanmar.html

Myanmar Investment Website:  http://www.commerce.gov.mm/eng/index.html

Myanmar Customs Website:  http://www.commerce.gov.mm/eng/dot/export_import_procedures.html

Myanmar Tourism Website:   www.myanmar-tourism.com

Major Banks:  http://www.myanmars.net/myanmar-business/myanmar-banks.htm

Public Holidays:  http://www.asean.org/calendar/public-holidays