Safeguard law to curb unfair imports planned

The Ministry of Commerce is preparing a law aimed at closing the widening trade deficit. The “Safeguard Law” will allow for countermeasures against unfair practices, such as instituting an anti-dumping taxes on those selling below cost to corner the market, and countervailing duties, which aim to neutralise foreign subsidies. Pyithu Hluttaw representative U Win Myint, […]

WTO slams inefficient state-run firms

The losses of state-owned businesses amount to 5 per cent of the country’s gross domestic product as they spend 75 per cent of the government’s budget, according to the World Trade Organisation (WTO). The WTO held a workshop on its first trade policy review in Kandawgyi Palace Hotel in Yangon on January 23. It is […]

Draft of amalgamated investment law nearing completion, says DICA

Draft legislation amalgamating Myanmar’s two investment laws is expected to be completed in November, Directorate of Investment and Company Administration director general U Aung Naing Oo has told Mizzima. U Aung Naing Oo said the legislation will merge the Foreign Investment Law enacted in November 2012 and the July 2013 Myanmar Citizens Investment Law. They […]

Myanmar to implement IP laws ahead of WTO target

Improved intellectual property laws could be introduced in Myanmar as early as the start of next year, officials drafting the laws say, adding they will provide a more stable framework for investors well ahead of the World Trade Organisation’s latest deadline of 2021. The proposed laws covering copyright, design, trademark and patents would replace legislation […]