Draft automobile policy to be submitted this session

The draft of a new Myanmar Automobile Policy which aims to improve domestic car production and make prices more affordable will be submitted to parliament this session.

The 13th session of parliament, which began yesterday, is likely to pass a number of laws that are currently under discussion.

Pyithu Hluttaw representative U Myint Soe from the Union Solidarity and Development Party said he hopes the draft will be passed, in order for it to come into effect when the new government takes office.

“There are weaknesses and strengths every time a new policy is introduced in this country,” he told The Myanmar Times on November 15.

“The new draft aims to make new cars affordable to everyone. It also highlights the importance of road safety and the potential for new cars to be produced domestically.”

“It only takes two years to build factories and produce cars domestically,” he added.

The new draft was jointly written by the Myanmar Automobile Manufacturers and Distributors Association, the Myanmar Engineering Society and the Union of Myanmar Federation of Chambers of Commerce and Industry.

Car imports have been permitted since late 2012, but a lack of constant rules and regulations

related to the automobile sector have caused difficulties for both car importers and customers.

“Both sides were suffering from frequent car-related policy changes. The government really needs to enact an automobile policy that can improve the options for people in the market,” said Ko Myint, a car dealer in Mandalay.

Source: Myanmar Times

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