The forestry sector has been vitally important to Myanmar. When the country was isolated by sanctions, the selling of logs and wood helped bring in desperately needed hard currency. Exports of forestry products in 2011, the year political reforms began, broke $1bn. However, since the reforms began, much has changed. Myanmar, now open, is less...
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...
Many have hailed Myanmar’s recent economic, political and social restructuring as ground breaking, and for good reason. In a relatively short period the country’s economy has gone from being largely isolated to being a focal point for foreign investment.
Peru is famous for its seafood, particularly ceviche, a dish based on fresh raw fish, citrus juices and chili. However, the country’s huge fishing industry is focused on the processing of anchovy into fishmeal and oils. The fish, shrimps and shellfish enjoyed by diners in Lima often come from aquaculture farms. Still small, this industry is...
The long-neglected forests of Peru are near the top of the agenda in 2016, with a package of reforms developed in cooperation with the private sector and launched in September 2015 set to give one of the country’s most promising industries momentum.
SURGING DEMAND: According to the UN’s Food and...
The Peruvian agriculture sector grew 1.5% in 2013 and 1.6% in 2014, according to the central bank, well below overall GDP growth of 5.8% and 2.4%, respectively. In the first six months of 2015 the sector contributed nearly 6% to GDP, and the fishing industry another 0.5%. Yet while exports have risen strongly, in the first quarter of 2015...
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