Launched in 2015, the National Export Strategy (NES) was a 5 year plan set to focus on seven key sectors and 4 supporting sectors within Myanmar.

"The initial purpose of the National Export Strategy (NES) was to deliver broad-based socioeconomic development to the people of Myanmar while alleviating poverty, catalyzing rural economic development and accelerating income growth. For the last five years, NES served as a guiding principle recommending target investments to increase value addition in various export sectors," says Colliers International.

The NES is now set for renewal with the 2020 - 2025 plan being prepared.

According to Xinhua, Vice President U Myint Swe told the opening session of the symposium the NES for 2020-2025 will add more new sectors including gems and jewelry, agro-food processing, fruits and vegetables, digital economy and handicraft.

Colliers International told WILLIAMS MEDIA that "Expanding NES to also include new sectors such as agro-food processing will benefit micro, small and medium enterprises (MSMEs) as the majority of MSMEs in Myanmar are already involved in food processing."

"To maximize the impact of NES, we recommend MSMEs to prioritize on skill enhancement, differentiate business strategies in alignment with market conditions, adopt the highest standards of quality and strategically place their production lines closer to major port terminals."

Sources: Colliers International, Xinhua

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