Active black market discourages foreign firms, says minister

The prominence of the domestic black market continues to discourage prospective foreign investors from entering the country, according to Minister of Commerce U Win Myint. Foreign firms are worried that black market goods are often sold at unfairly low prices because importers avoid paying import duties and taxes as well as following proper regulations, and […]

IP laws reach final draft

Pirates beware: A law protecting intellectual property (IP) could soon be on the books after intensive discussions with local and international experts on copyright, trademarks and industrial design, officials said. After 11 rounds of discussion and amendments, and with input from the World Intellectual Property Organisation (WIPO) and the Japan International Cooperation Agency (JICA), the […]