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Construction on China’s BRI Deep Sea Port to Start Soon in Myanmar’s Rakhine State: Govt

YANGON—The construction of the China-backed Kyaukphyu deep-sea port will begin soon, as preparations on both the Myanmar and China sides are on track, according to the Ministry of Commerce. The project is a crucial part of the Kyaukphyu Special Economic Zone (SEZ) in western Myanmar. The SEZ is expected to boost development in China’s landlocked […]

Import of essential items for COVID-19 approved without licence

Government has allowed import of essential items for COVID-19 prevention and control such as surgical masks, PPE, beds, ventilators and related equipment with the necessity to apply for import licences, according to the Ministry of Commerce. The ministry issued a negative list dated May 21 in 2019 which requires importers to apply for import licences. […]

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. […]

Shan State’s Peace and Tea Leaves

Among Myanmar’s many agricultural products, tea leaves hold a lot of potential for export markets because they are organic product grown naturally, an official with the Myanmar Tea Association says. However, development of the sector is tied to conflict in Shan State, one of the main growing areas for the crop in Myanmar. If a […]

Winrock and Myantrade sign export promotion agreement for crops including coffee

Winrock International and the Myanmar Trade Promotion Organization (Myantrade) under the Ministry of Commerce have signed a cooperation agreement for the export promotion of six crops including coffee. Ministry of Commerce, Permanent Secretary Aung Soe said, “We signed MoU for cooperation and assisting in designating specifications and trade promotion. We will conduct training for export […]

Government proposes to raise import licensing fees

The government is planning to raise import licensing fees in response to the changing economic environment of the country. Ministry of Commerce deputy minister U Aung Htoo proposed the new fee structure, which will see licensing rates of a minimum of K30,000 to a maximum of K90,000, from the current rates of K250 to K50,000. […]

Myanmar spends $1.8 bln on import of CMP raw materials

Myanmar’s imports of raw materials used by CMP (cut-make-pack) businesses exceeded US$1.8 billion between October and July in the present Fiscal Year 2018-2019, up by over $298 million from the year-ago period, the Ministry of Commerce reported this Friday. At this time last 2017-2018 FY, Myanmar spent $1.5 billion on importing CMP raw materials from […]

US soybean planting experiment scheduled

The Ministry of Commerce will grow high-yielding US soybeans in Shan State’s Nawngcho township as an experiment prior to introducing more widespread planting of the crop. The ministry’s deputy director-general for consumer affairs U Aung Maun said native soybean species produce between 12 and 20 baskets per acre compared to US species, which can produce […]

Draft law to create trade authority, empower commerce ministry

The Ministry of Commerce (MoC) has drafted a law to establish a trade development body made up entirely of cabinet ministers and empower the new authority and MoC to issue lists of restricted items and non-tariff regulations. The legislation is expected to be approved by parliament within this year and the drafting was supported by […]

Myanmar to ease decades-old alcohol import ban

Just months after the Yangon government strictly enforced a ban on stores selling foreign liquor, the Ministry of Commerce announced it would come up with draft legislation this year to relax the decades-old ban on alcohol imports. Assistant secretary U Khin Maung Lwin told The Myanmar Times that the ministry is currently drafting a bill […]