Myanmar building materials trade open to local-foreign joint ventures

The Ministry of Commerce has permitted local-foreign joint ventures to trade construction materials with the relaxation on trade restrictions for foreign companies announced recently.
“Imported construction materials should meet standards set by the relevant department,” said the announcement.
Local-foreign joint ventures need to submit their bank statements when applying for a license and they must follow the same rules as local traders, including limits on trade value, said the announcement.
However, the list of construction materials that are permitted to local-foreign joint ventures would be adjusted depending on local demand and the situation of market and local businesspeople, according to the announcement.— GNLM

 

Source: The Global New Light Of Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar