Companies will be asked to start breeding cattle for export

Live cattle exports have been on the rise since the trade was legalised last year, said U Moe Zaw, a director from the Livestock Breeding & Veterinary Department under the Ministry of Agriculture, Livestock and Irrigation.

Around 13,000 cattle have been exported to China since March 2017, compared to just 8,000 cattle before, U Moe Zaw said.

The reason for the rise in cattle exports though is that most exporters buy live cattle before reselling them.

Moving forward, exporters will be asked to breed the cattle, U Moe Zaw said. “In the future, if a company exports 100 cattle, it will have to buy at least 10 cows which must breed within the year,” he said.

There are now 400 animal export companies in Myanmar and each company is allotted a temporary holding station when trading cattle.

Currently, as there are many exporters who have applied to buy and collect cattle, applications for these stations have been suspended until May, said U Moe Zaw.

The government imposes a $1,200 tax on each cattle traded. So far, taxes collected have amounted to $43 million.

Currently, the export of live cattle has to be carried out by linking with the Department of Trade. When applying for a permit to export cattle, they need to register for a temporary holding station at the Livestock Breeding and Veterinary Department.

Each cattle must then undergo a veterinary check up. Once the Livestock Breeding & Veterinary Department has certified the cattle as healthy, the exporter must apply for approval to export from the government following which the Department of Trade under the Ministry of Commerce will issue an export license.

Source : Myanmar Times

To see the original article click link here

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