Myanmar earns US$310 M from fishery exports in 2020

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Myanmar earned about US$310 million from fishery export from October 1 to January 17 in this fiscal year and it is more US$45 million compared with the amount of fishery export in the same period in the last fiscal year, according to figures from the Ministry of Commerce.

At present, Myanmar is needed tenfold or more to reach the amount of fishery export made by neighbouring countries. The exporters need to advance their breeding techniques instead of fishing naturally, according to the fisheries department.

Myanmar will cooperate with technicians from Indonesia, Taiwan and China to build fish food factories, cold-storage factories and modernized factories to earn US$3 billion from fishery sector, said Htay Myint, Chairman of Myanmar Fisheries Federation.

It can create 100,000 job opportunities and Ministry of Planning and Finance will give loans to buy land to build the factories and fish and prawns.

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