Myanmar to Further Liberalize Trade

19 July 2019

The Government of Myanmar plans to reduce the number of products requiring import licenses. Mr. Khin Maung Lwin, Assistant Secretary of the Ministry of Commerce of the Government of Myanmar, noted that this plan to liberalize trade for select items is part of an initiative to improve Myanmar's trade facilitation. This is also in adherence to international trade regulations under the World Trade Organization and the Association of Southeast Asian Nations.

Goods to be liberalized will be discussed by the Ministry of Commerce and related departments. Previously, Myanmar required import licenses from more than 10,000 products. A recent review conducted by the Government brought this number down to 4,000. The Government hopes to reduce the number further.

Applying for licenses takes time and adds on to import expense, Mr. Lwin remarked. Lifting some of the licensing requirement will fast track imports and save on cost.

 

Related Link:

Mr. M. Shahidul Islam, Secretary General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation...

Read More


The Government of Myanmar plans to reduce the number of products requiring import licenses. Mr. Khin Maung Lwin,...

Read More


Mr. Piyush Goyal, Minister of Commerce and Industry of the Government of India, informed the Rajya Sabha, the...

Read More


An Indian cargo ship carrying a shipment of stone aggregate from Bhutan has arrived in Bangladesh. It passed...

Read More


Nepal exported 350 megawatts of surplus electricity to India in July, putting into practice energy banking between the...

Read More


The Asian Development Bank (ADB) has been tasked by the Ministry of Finance of the Government of India...

Read More


The Ministry of Foreign Affairs of the Government of Nepal organized the Seventh Meeting of the Nepal-India Oversight...

Read More