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Myanmar's marine product export grows sharply in first half of 2002 YANGON, Nov 2, 2002 (Xinhua via COMTEX)
Myanmar exported 69,000 tons of fish and prawn in the first half of 2002, up 121.86 percent from the same period of last year when 31,100 tons were sold abroad. Of the total, fish export accounted for 60,600 tons, or 87.83 percent, while prawn took up 8,400 tons or 12.17 percent, according to the latest figures released by the government's Fisheries Department. Export earning through the export of marine products totaled 65. 59 million US dollars during the half-year period, accounting for 4.51 percent of the country's total export earnings. In 2001, Myanmar produced 1.37 million tons of fish and prawn and exported 61,000 tons of them during the year, mainly to China and Singapore.There are 120 seafood processing plants in Myanmar, of which 25 are being upgraded to international standard to boost the export. Myanmar is rich in fishery resources. The fishery sector is the third mainstay of its economy after agriculture and forestry, contributing 7.3 percent to its gross domestic product and standing as the third largest foreign exchange earner. Official statistics show that since Myanmar opened to foreign investment in late 1988, foreign companies have so far injected 197 million dollars on contracts into the country's fishery sector.The annual per capital consumption of fish and prawn by Myanmar people stands about 20 kilograms.
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