|Published : 26 Nov 2016, 20:48:52 | Updated : 26 Nov 2016, 20:49:07|
Myanmar to improve livestock, fisheries sector to increase export to EU
Myanmar will implement an upgrading programme for the country's livestock and fishery sector in cooperation with European Union (EU) and German state-owned organisation GIZ, according to the ministry of agriculture, livestock and irrigation of Myanmar Friday, reports Xinhua.
U Khin Maung Maw, a director general from Myanmar's fishery department and Dr. Pefra Schill, country director of GIZ in Myanmar, signed the agreement recently in Nay Pyi Taw for implementing the programme.
The five-year programme named as Myanmar Sustainable Aquaculture programme (MYSAP) will begin from this year to 2022 and the EU and GIZ will fund about 22.5 million euros for the programme,
The main objective of the programme is not only to help Myanmar for manufacturing value-added fishery products to be exported to EU market but also to enhance the livestock sector for increased income, local food coverage and creating job opportunities.
The total foreign direct investment in the country's livestock and fisheries sector amounted 546.698 million US dollars as of October in this fiscal year 2016-2017 since late 1988.