Import, export licences to be granted without scrutiny of proposed price

Import and export licenses will be issued without scrutiny of prices that may be listed in invoices and sale contracts submitted by the companies in order to have smoother flow of trade, according to an announcement released by the Commerce Ministry on 22nd November. The seekers of import and export licenses have to provide an […]

Govt cracks down on contraband

Myanmar’s Mobile Team announced this weekend it had seized over one billion kyat (US$1 million) worth of smuggled goods between August 2013 and the beginning of May this year from seven ports in Yangon. The squad’s deputy-director, Myint Oo, said over 70 percent of all contraband was confiscated following tips from members of the public. […]