Aqua Fisheries Myanmar 2020 provides the great opportunities for Exhibitors in order to expand business and work directly with local partners, distributors and dealers in Aquaculture and Fisheries industry. During days of the exhibition, trade visitors will be able to update the most modern Aquaculture Technologies and Fisheries Equipment, as well as find out high quality seeds and access to Marine biotechnologies coming from many different countries.
Myanmar exported over 560,000 tons of fishery products in 2017-18, the highest in 20 years, according to data provided by the Ministry of Agriculture, Livestock and Irrigation (MOALI). At those levels, the exports are worth $711 million. That could more than double to $2 billion-$3 billion within the next two years, if the right technology, resources and equipment are deployed, said U Htay Myint, chair of the Myanmar Fishery Federation. This includes developing ponds for aquaculture, processing factories and cold storage facilities. The Ministry of Planning and Finance has agreed to provide funds of up to K100 billion to develop the supply chain and modernize the aquaculture process, U Htay Myint said.
Myanmar fishery products are mainly exported to China, Thailand, Singapore, Malaysia and some European countries. In 2017-2018, the country exported over 430,000 tons of fishery products worth $600 million overseas, according to MOALI. It exported 358,000 tons worth $500 million in 2017-2018.