MACCS Border Trade System to Launch at Myawaddy Gate Next Year

The Myanmar Auto­matic Cargo Clear­ance System (MAC­CS) will be implemented at the Myawaddy Border Gate next year to speed up the flow of trade at the country’s second largest overland trade point, ac­cording to an announce­ment by the Customs De­partment.

The scheme to upgrade the checking system at the gate from manual to digital was expected to be introduced at the end of 2017 but was pushed back to June 2018 by the gov­ernment.

“Merchants and traders still do not understand this system (MACCS) so we are going to educate them for an extra three months,” said Myint Soe, Deputy Secretary at the Ministry of Commerce

The Myawaddy gate, which connects Kayin State’s Myawaddy town­ship to the town of Mae Sot, in Thailand’s Tak Province, is the second largest overland trade point in the country be­hind the Muse border gate connecting Myanmar and China.

Last fiscal year $928 million worth of trade passed through the gate while in April this fis­cal year, border trade hit $42.42 million, $5 mil­lion more than the same period last year, accord­ing to statistics of the ministry.

Myanmar’s main ex­ports through Myawaddy are agricultural, fishery and forestry products while its main imports are batteries, milk powder and personal care prod­ucts like toothpaste and soap.

A proposal to introduce MACCS was born out of talks with the Japanese government in 2013. Since then, the Japan In­ternational Cooperation Agency (JICA) funded the introduction of MACCS through a grant of almost 4 billion Yen, about $36 million.

The system is being im­plemented as part of the ASEAN Single Window System which aims to speed up the flow of trade and simplify the flow of cross-border information as ASEAN seeks to be­come a competitive single market.

MACCS went live across the Yangon region in No­vember last year, initially causing longer customs clearance times as offi­cials and staff adapted to the new system.

 

Source: Myanmar Business Today

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