Myanmar Business
• Main exports: Gas, wood products, agricultural products and marine products.
• Main imports: Fabric, petroleum products, fertiliser, plastics and machinery.
• Main trade partners: Thailand, China (PR), India, Singapore and Japan.
Economy
Myanmar has significant deposits of tin, copper, zinc, gemstones, silver, oil and coal: commercial exploitation provides some income. Further significant sources of revenue include opium trafficking and gemstone mining, both of which are largely controlled by the military government and have been mainly used to finance substantial arms purchases.
There are few reliable economic statistics for Myanmar; the government reports growth as significantly higher than international estimates and understates the black market. However, growth is estimated to have been 3%, unemployment 10.2% and inflation a worrying 20% in 2006.
After years of political isolation, Myanmar became a member of ASEAN in July 1997. However, many potential investors are deterred by the government's appalling human rights record.
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