Belarusian traders offer to purchase Myanmar's raw rubber
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Hsu/Pearl (NP News) - Oct 20
Belarusian entrepreneurs have made an offer to purchase raw rubber from Myanmar, an official from the Myanmar Rubber Growers and Producers Association informed The Statesman journal.
Rubber production is concentrated in Mon State, followed by the Tanintharyi Region and Kayin State, with minor cultivation in other parts of the country. Regarding exports, the official stated that China receives the bulk of Myanmar's rubber, while other export markets include Singapore, Malaysia, Indonesia, South Korea, and Japan.
Belarusian companies have expressed interest in buying Myanmar's raw rubber, and discussions are currently underway to settle on pricing and export quantities.
"At present, no rubber has been exported to Belarus yet. However, several Belarusian companies have shown interest in buying Myanmar rubber. They have requested sample products for lab testing, and some have already received and tested these samples. The rubber types considered for export are the same as our current exports - RSS (Ribbed Smoked Sheets) and TSR (Technically Specified Rubber). Export and trade negotiations are still ongoing," the association official told The Statesman.
He added that many Belarusian investment businesses already operate in Vietnam, suggesting that some products could be exported through Vietnam. Negotiations are currently underway to finalize the export route for the raw rubber.
"If we export directly to the Republic of Belarus, the shipment must go by sea. However, shipping through Vietnam would be shorter and more convenient. We are still negotiating prices and payment methods, aiming for prices that reflect current global market rates. The payment arrangements are under discussion, and the exact purchase volume is not yet known," he added.
During the recent visit of Union Minister for Investment and Foreign Economic Relations Dr. Wah Wah Maung to Belarus, both sides reportedly agreed to facilitate bilateral trade by settling financial transactions for both trade and investment in either the Russian ruble or the Chinese yuan. –