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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. […]

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 […]

Interest in retail, wholesale sector continues unabated

Two years after the Myanmar Investment Commission’s announcement, the Ministry of Commerce (MOC) has permitted nine wholly foreign retail and wholesale providers to operate in the country. These include investors from Japan, Thailand, US, Singapore, and the Netherlands. The nine non-Myanmar companies are able to secure a green light from the authorities since the government […]

Govt allows foreign companies to export rice, other commodities

The Ministry of Commerce (MOC) will now allow foreign and joint venture companies to export specific food and commodity items, according to Notification 24/2019 released on June 6. Foreign companies with recommendations from relevant ministries can buy the commodities from local producers will be issued licenses to export the goods. The aim is to raise […]