Govt aims to formalise phone imports

The vast majority of mobile phones brought into Myanmar – including iPhone or Samsung Galaxy-series handsets – do not follow correct import procedures, said Minister of Commerce U Win Myint. About 98 to 99 percent of all imported handsets are brought in without import licences, with only about 200,000 licences being issued for about 10 […]

Active black market discourages foreign firms, says minister

The prominence of the domestic black market continues to discourage prospective foreign investors from entering the country, according to Minister of Commerce U Win Myint. Foreign firms are worried that black market goods are often sold at unfairly low prices because importers avoid paying import duties and taxes as well as following proper regulations, and […]