Burma sets up seafood trading centre to facilitate trade with Bangladesh

Burma sets up seafood trading centre to facilitate trade with Bangladesh - BURMA - The Myanmar Shrimp Association is preparing to open a fish and shrimp trade centre in the border town of Maungdaw to trade with Bangladesh, according to a report of a weekly journal in Burma.

U Hla Maung Shwe, President of the Myanmar Shrimp Association, said that the centre, which would be opened in three months, would be able to recoup its initial investment in a short time.

However, he said the quality of shrimps exported from Burma needs to improve to meet the standards of the Bangladeshi market.

In Burma's Arakan State, there are nearly 200,000 acres of land being used in shrimp projects. Most shrimps are exported to the ex-capital, Rangoon, with some exported to Bangladesh.

U Hla said that traders on the western border have been exporting shrimp to Bangladesh on their own, as there is no formal trade centre for shrimp and fish in the border area.

With the centre Burmese traders would be able to get better prices through more bidding, U Hla said.

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