Commerce ministry allows re-export licensing for more commodities

The Ministry of Commerce will continue to issue licences for re-exporting because of the foreign market’s demand and the local production process.

Over 20 categories of commodities are re-exported to other foreign countries after being locally reproduced at its origin. The main categories of re-export are sugar, fuel oil (diesel) and betel nut. Sugar exports are the most common, with over 100,000 tonnes sent mainly to China.

The Commerce Ministry allows 14 more categories under the re-export system, including car tyres, white sesame seeds, dried pepper, peanuts, cotton, soya beans, cotton fibre, fruit, electrical appliances, cosmetic products, beverages, food, clothes, fuel oil and garlic.

These fourteen categories imported through sea trade have been planned for re-export to China via the Muse border trade camp, it is learnt.

Myanmar’s export is eclipsed by the increased imports. Therefore, the Commerce Ministry is making efforts to triple the export volume in each sector.

Source: Global New Light of Myanmar

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