Tag: imports

Unrest affects trade

As the political situation hangs in uncertainty, so does the flow of goods. The Ministry of Commerce released data on external trade from start of current fiscal year (October 1st, 2020) until January 22nd, 2021 and both import and exports have plumm

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Materials imports down as manufacturing suffers

Materials for cut-make-pack (CMP) businesses, especially in the garment sector, are down as COVID-19 continues to thrash manufacturing. The Ministry of Commerce reported USD 264.7 million worth of CMP materials imports since the start of the fiscal y

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External trade deeply affected by pandemic

The latest data released by the Ministry of Commerce shows that Myanmar’s external trade for the new fiscal year, between October 1st and November 13th, plunged by USD 1.4 billion from the corresponding period a year ago, reaching only USD 3.08 bil

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Government offers amnesty for smuggled liquor

Months after the government allowed the import of foreign liquor, it has announced a de facto amnesty for stockpiles of liquor already imported. The Internal Revenue Department is allowing retailers to legitimize their liquor stores by paying a tax o

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Myanmar’s trade with ASEAN members close to USD 10 billion this FY

Ministry of Commerce released the trade numbers for the first ten months of the current fiscal year (October 2019 – July 2020) and trade between Myanmar and its fellow ASEAN members reached USD 9.94 billion over the period. Myanmar registered a

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Trade with Japan tops USD 1 billion in H1 of 2019-20 FY

According to the numbers released by the Ministry of Commerce, the value of trade between Myanmar and its development partner Japan exceeded USD 1.15 billion in the first half of the current fiscal year that started in October 2019. Exports represent

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