Written by Admin on August 6, 2013. Posted in Business, News, Top Stories
Myanmar government is reviewing the trading regulations including
export/import law for necessary amendment, Eleven Media Group
reported.
The Ministry of Commerce said the import/export law, import/export
bylaws, consumer protection law, competition law and other necessary
regulations would be revised or drafted.
These legislations would be revised and drafted in cooperation with
the technical support of International Trader Centre to boost trade
and competitiveness in emerging Myanmar market, says the report.
Commerce officials, experts from ITC and international consultants
will take part in the efforts to review the legal structure.
Myanmar largely relies on exports and major exports come from
extractive industries such as natural resources, natural gas, timber
and marine products.
The government has adopted the policy to encourage more products from
wider industries through trade financing, marketing aid and trade
promotion schemes, according to the report.
Myanmar targeted total trade income of USD 15 billion in 2013-2014
fiscal year which starts in April, 2013 and March, 2014.
http://www.information.myanmaronlinecentre.com/myanmar-reviewing-trade-regulations/
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