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Car trade on recovery path

With the tax policy remaining unchanged, car trade has picked up a bit in the last two weeks, according to the automobile market. A few tax relief measures were incorporated in the draft of the 2018 Union Tax Law. Therefore, dealers were observing the automobile market in the first three months of the calendar year, […]

Yangon regional government weighing policies to control traffic

The Yangon regional government is currently weighing a car import policy for the region and will announce its decision in due course, U Myint Thaung, regional planning and finance minister, said last week. Policies including permits for individual car importing are now being discussed with Yangon’s chronic traffic problems in mind. The number of vehicles […]

More buyers expected to opt for new left-hand-drive cars

Since the government’s new car import policy permitting only imports of left-hand-drive vehicles into Myanmar from 2018, speculation over the value of existing right-hand-drive cars in the country has risen, prompting rumours of higher prices for such vehicles. While prices have indeed risen, car dealers said consumers ultimately base their purchasing decisions on the car […]

No change to car import policy: Commerce Ministry

Deputy Commerce Minister U Pwint San said during a meeting with car importers and the Myanmar Automobile Manufacturers and Distributors Association on November 30 that the ministry would not intervene in the market. “It is true that Yangon is facing heavy traffic jams. But we will not cancel car import permits,” he said. “There has […]

‘Car Import Policy Has Changed About 10 Times’

Import restrictions under the previous military government ensured car prices in Myanmar were among the highest in the world. Now, under the current quasi-civilian government which took power in 2011, restrictions have eased and car prices have fallen dramatically. Legislation has, however, often been less than clear, as car import policies have been frequently changed. […]