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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 […]

Export revenue from Muse border trade drops by US$600m

Myanmar recently launched its updated National Export Strategy for the next five years. The Ministry of Commerce will be adding fruits and vegetables, gems and jewellery, handicrafts, processed food products and digital businesses as potential export sectors. But the government must first address leakages occurring at the border that result in lower than optimal export […]

Locals call for more regulation in retail sector

As foreign retailers enter the domestic market, the government should work to ensure a level playing field, said local retailers. During the Private Sector Development Committee meeting with President U Myint Swe on April 27, Daw Su Hlaing , Secretry of Myanmar Retailers Association, voiced concern for the survival of local retailers in the face […]

Myanmar attempts to raise exports of more local fruits to China

Myanmar is attempting to qualify for General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ) certificates for eight kinds of fruits and spices. The aim is to officially export them to China, said U Soe Than Min Din , president of the Myanmar Fruit, Flower and Vegetable Producers and […]

MoU on rice exports signed with Yunnan Province government

The Ministry of Commerce (MOC) and government of Yunnan Province, China, signed a memorandum of understanding on the export of Myanmar rice and other crops to China on April 21. Under the agreement, Myanmar will be able to legally export crops such as rice as well as fisheries to China via the Muse border trade […]

Sugar export licences to be suspended on lack of demand

The Ministry of Commerce (MOC) last month suspended 103 licenses to re-export sugar due to a lack of demand from China, said U Win Htay, deputy chair of the Myanmar Sugar and Sugarcane Related Products Merchant & Manufacturers Association. Out of 103 companies, 49 companies will have their trading registrations suspended for three months, while […]