On 28 May 2024, the Union of Myanmar Federation of Chambers of Commerce and Industry issued letter no. 15-2/3/13 (2149) on the submission of documents to apply for export bill receivable exemptions and import bill payment exemptions under Myanmar’s Barter Transaction Arrangement (“BTA”). The letter outlines the following procedure: However, it appears to us that […]

To strengthen the compliance with the report from the Financial Action Task Force (“FATF”), Ministry of Commerce (“MOC”) has issued its bulletin no. 10/2022 on 31st October 2022 required that all border trade transactions must be settled only through a licensed bank (“Bulletin 10”). Bulletin 10 also mentions that the importers are allowed to acquire […]