Allows foreigners to trade in some industries even without Joint Ventures with Myanmar citizens
12 Jun 2017
On 12 June 2017, the Ministry of Commerce issued Notification 36/2017 to permit foreign companies to engage in trading of fertilizers, seeds, pesticides, hospital equipment, and construction materials. Previously, only local companies and local-foreign joint ventures were allowed to engage in such trade. The notification also mentions that the list of goods that these companies are allowed to trade may be subject to changes based on domestic demand, market conditions, and the market positions of domestic companies.
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Type:
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Entry and establishment (Ownership and control)
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Treatment and operation (Other)
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Industry:
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Primary (Agriculture, forestry and fishing)
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Manufacturing (Other manufacturing)
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Services (Construction)
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Sources:
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Consult-Myanmar, Foreigners can now trade in Construction Materials, Hospital Equipment, Fertilizers, Seeds and Pesticides without having to JV with Myanmar citizens, https://consult-myanmar.com/2017/06/26/foreigners-can-now-trade-in-construction-materials-hospital-equipment-fertilizers-seeds-and-pesticides-without-having-to-jv-with-myanmar-citizens/, 26 Jun 2017
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Tilleke & Gibbins (lawfirm), Myanmar: Permission for Foreign Investors to Trade Fertilizers, Seeds, Pesticides, Hospital Equipment, and Construction Materials, http://tilleke.com/resources/myanmar-permission-foreign-investors-trade-fertilizers-seeds-pesticides-hospital-equipment, 22 Jun 2017
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Eleven (Media Group), Foreign firms allowed trade agricultural products, constructional materials, http://www.elevenmyanmar.com/business/10130, 20 Jun 2017
