6 Aug 2018
MYANMAR: Overseas Investors Cleared to Trade Across 24 Product Categories
FDI-backed businesses have been approved to trade in 24 different product categories on both a retail and a wholesale basis. Among the items on the approved list, as issued by the Ministry of Commerce (MOC), are toys, watches, cosmetics, clothing, houseware, kitchenware, souvenirs, stationery, medical devices, cameras, mobile phones, electronics, electrical appliances, automotive parts, furniture, sports accessories and certain food and beverage items.
This latest move towards greater trade liberalisation coincides with the MOC formally issuing its guidelines for the registration of FDI-backed retail and wholesale businesses. It also comes barely three months after overseas investors were first granted trading rights.