By opening up bonded warehousing to local and foreign businesses, Thilawa edges ahead as Myanmar’s logistics hub.

THILAWA Special Economic Zone (SEZ) positions itself as the manufacturing and logistics hub, as an SEZ-based company starts providing bonded warehouse services to both domestic and international companies. Such logistics liberalisation will boost Thai-Myanmar cross-border trade and hence accelerate Myanmar’s integration with the regional economy.

Daizen Myanmar, a logistics company from Japan which joined Thilawa in 2015, recently launched the country’s first ever bonded warehouse services to both local businesses and foreign suppliers.

“By offering bonded warehousing to manufacturers, local businesses and foreign suppliers we show that when it comes to liberalising trade, Thilawa means business,” Tomoaki Yabe, managing director of Daizen, told The Myanmar Times.

Thilawa SEZ in southern Yangon is currently the only SEZ operating in Myanmar. The other two — Kyaukphyu SEZ in Rakhine and Dawei SEZ in Tanintharyi — are still at the planning stage.

Backed by the Japanese government and spearheaded by three major Japanese trading houses, Thilawa SEZ was created by the previous administration to boost the country’s manufacturing and export sectors.

Source: Myanmar Times