Ministry to free another 150 imports from licence requirements
THE government will remove another 150 items from a list of imports that require a licence, a Ministry of Commerce official told The Myanmar Times.
Nickel piping, artificial rubber, fire extinguishers, and parts and materials used in trains and automobiles will be among the items freed from import licence requirements, U Khin Maung Latt, an assistant secretary at the ministry, said.
“We’ve had all the relevant discussions with respective departments and industry associations,” he said, adding that the updated list of goods requiring import licences would be published soon.
The move is the latest step in trade liberalisation efforts that began under the previous government. In August 2015, that administration published a list of 4405 items for which an import licence was necessary – automatically releasing any item that was not on the list from the requirement.
The new government has removed 267 items from the licence list already this year, including cotton; products made of iron, steel and stainless steel; and some kinds of electrical appliance.
The proposed removal of another 150 will still leave over 4000 items that require an import licence, although the ministry has said it plans further reductions.
– Translation by Khine Thazin Han
Certain train parts will soon be among those items that will no longer require a license for import.