Myanmar to launch single-stop inspections at borders with neighbouring countries

Single-stop inspections will be deployed at border gates between Myanmar and neighbouring countries to prevent illegal trade, said Union Minister for Commerce Dr Than Myint yesterday. The Union minister told Amyotha Hluttaw that discussions are ongoing with China and Thailand to launch the single-stop inspection system at border crossings. The system is aimed at avoiding […]

Garment industry expected to earn US$10 billion from export in a decade

The export value from the garment industry under Cutting-Making and Packing (CMP) system is expected to fetch up to US$10billion in a decade, it is learnt from Myanmar Garment Manufacturers Association (MGMA). “We expect garment industry to be in operation with 1,500 factories in 2025, with a total labour force of one million. To meet […]

MPA to double fines for delayed container withdrawals

Myanma Port Authority will be fining companies that fail to remove their sea containers from ports on time, starting this month. The US$4 fine will increase to US$16 depending on the cargo. This is an attempt for the ports to be able to move cargo quickly and not backlog, as cargo pile ups in Myanmar […]

Yangon ports implement round-the-clock clearance

FROM last Thursday, customs clearance became available round the clock at all ports in Yangon, but it has come at a cost. It was announced last week that customs clearance for outbound and inbound shipments would be available 24 hours at all ports in Myanmar, including Yangon Port that is run by Myanmar Port Authority, […]

Thousands of car imports approved

A new government-led supervisory committee has released around 14,000 cars that had been held at Myanmar’s borders after an informal ban on vehicle imports was imposed last December. When the last vehicle import supervisory committee was disbanded at the end of last year, thousands of cars bound for Myanmar were held up, commerce minister U […]

Licences to be issued at SEZs

Licences to invest in Myanmar special economic zones will soon be issued at One-Stop Service Centres within the zones. According to the special economic zone by-law, this provision is being introduced for the convenience of investors. One-Stop Services Centres in SEZs will provide services such as company registration, visa application, labour registration and import and […]

Red tape cut allows exporters to skip on taxes

The Ministry of Commerce has cut red tape on exports, but some unscrupulous exporters are taking advantage of eased restrictions to avoid taxes, officials say. Exporters were previously required in some instances to show proof that foreign buyers had deposited money in foreign accounts to pay for the goods they were purchasing. However, Myanmar traders […]

Customs seizes KS 241 Million in Contraband

Authorities in the first 20 days of February have seized more than Ks 241 million in contraband at ports, airports and border crossings, the Customs Department reports. Officers made 19 seizures during that period while monitoring goods arriving in the country at those locations, including Yangon International Airport, Customs said. Contraband included Dell computers, communication […]

Customs claim Ks 140m of seizures

Within 10 days in early November, about Ks 140 million (US$140,000) worth of contraband, including garment-factory materials and bracelets assumed to be made from jade, were caught at airports, ports and borders, according to the Customs Department. At Yangon International Airport, approximately Ks 1.9 million worth of commodities were confiscated. In one case, Ks 1.5 […]

Automated Cargo Clearance by 2016: Customs Dept

An automated cargo clearance system is set to be installed at all of Myanmar’s customs entry points by the end of 2016 in a bid to facilitate trade, the Customs Department said. Based on Japan’s Nippon Automatic Cargo Clearance System, it will coordinate all customs and freight entry into Myanmar, eliminating direct contact between custom […]