As part of its long term economic recovery plan, the Myanmar government has announced it will lift the ban on exporting livestock.
The Ministry of Planning and Finance also reports that it will offering loans to farmers in an attempt to further boost Myanmar’s agricultural industry.
Livestock can now be exported
A meeting in July, headed by Vice President U Myint Swe and attended by various industry representatives, was held to determine these new measures. Farmers will be able to export their livestock, in a reversal of a wider ban on various commodities.
The government is preparing measures to underpin and support the entire agricultural supply chain. According to a spokesman, the Myanmar Agricultural Development Bank (MADB) will be issuing loans to farmers. However, it is only planned that loans will be issued for crops and not livestock farming.
He said: “We will provide loans to farmers. We will implement our programs step-by-step. Through this measure, the government will financially support farmers and the agriculture sector.”
More trading zones
The government has also pledged to implement more agricultural trading zones in all states of Myanmar. Plans are already in hand along with the relevant state governments. Meetings have already taken place with the key stakeholders involved in setting up the new specially designated farming zones and the government will provide the financial backing.
Permission to export livestock will formally be given to farmers after a report is made to the National League for Democracy’s Economic Committee. It was previously feared that the agricultural sector would be detrimentally affected regarding export. However, the government has now decided that states have enough stock to lift the ban.
The government is also on track to allow licenses to allow slaughter, and export of animals and additional dairy produce with no restrictions.