Agriculture & Forestry

The agricultural sector continues to play an important role in Myanmar’s economy, generating 24% of GDP and 24.6% of export earnings. The industry presents a number of industrial and productive opportunities that, if properly nurtured, could help the country regain and even surpass much of its former standing as a lead producer in the region. To do so, however, will require significant investment in the sector, greater mechanisation, the provision of better financing for farmers, as well as clearer land rights. After years of under investment and a near total drop in exports, the country is rewriting its laws, establishing initiatives to boost production and yields, and encouraging foreign investment. Given Myanmar’s abundant agricultural resources and the role the sector can play in developing the country, it is likely that these initiatives will take priority. This chapter contains an interview with U Thadoe Hein, Managing Director, Myanmar Awba Group.