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Law against hoarding or price gouging of essential medical supplies & consumer goods during the COVID19 pandemics

Republic of the Union of Myanmar Ministry of Commerce Notification 21/2020

Republic of the Union of Myanmar
Ministry of Commerce
Notification 21/2020
7th Waxing of Tagu, 1381 ME
(30 March 2020)

This notification is issued in exercise of the power set out in the Notification No 26/2020 of the Union Government dated 30 March 2020.
Issuing order to protect goods

1. Under the Section 4, Sub-section (a) of the Essential Supplies and Services Law, the Ministry of Commerce has designated the following goods as important supplies.
(a) Health aid equipments for prevention, control and treatment of the Coronavirus Disease 2019 (COVID-19)
(b) Medicines
(c) Consumer goods

2. With effect from the date of this notification, the Ministry of Commerce has banned speculation in the market by selling and distributing the products in the Paragraph (a), or storage of these products with the intention of playing the market.

3. Those who are speculating in the market by selling and distributing the products or storing the products with the intention of playing the market would face action under Section 5 of the Essential Supplies and Services Law.

Sd/ Dr Than Myint
Union Minister
Ministry of Commerce

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Source : Ministry of Commerce

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