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 […]

The Ministry of Commerce (“MOC”) recently issued Export and Import Bulletin No. 2/2024 to replace Export and Import Bulletin No. 16/2023 dated 21 December 2023, which specified 14 categories of goods that could be stored in a customs warehouse before the importer had obtained an import license from the MOC. Bulletin No. 2/2024 reduces the […]

On 21 December 2023, the Ministry of Commerce issued Notification 80/2023, which is its regular yearly announcement to specify the manufacturing years of various vehicle types allowed for importation in the coming year. The specified model years for vehicle importations in the year 2024 are as follows: No. Type of Vehicle Year of Manufacture 1 […]

The Department of Trade under the Ministry of Commerce (“MOC”) announced via Bulletin 11/2023 dated 28 June 2023 (“Bulletin 11”) and subsequent Bulletin 13/2023 dated 6 July 2023 (“Bulletin 13”) that starting from 1 July 2023, exporters exporting pulses, corn, sesame, and peanuts no longer have to make advance payments on their export earnings. Previously, […]

Under Notification 15/2023 issued on 13 July 2023 (“Notification 15”), the Central Bank of Myanmar (“CBM”) has lowered the percentage of export earnings that must be converted into Myanmar Kyats (“MMK”) from 65% to 50%. The original percentage of 65% was set on 5August 2022 by the CBM under Notification 36/2022, which required that exporters […]

On 23 May 2023, the Trade Department of the Ministry of Commerce (“MOC”) issued a new importer and exporter registration (“IMPEX”) order via Notification 35/2023, replacing the Registration (Imports and Exports) Order 42/1954 issued under the Control of Imports and Exports (Temporary) Act 1947 and the Export and Import Bulletin No. 6/2018 issued by the […]