The Ministry of Commerce has announced that foreign companies are now allowed to produce and export eight types of goods in Myanmar. These include processed meat, fish and aquatic products, pulses and beans, as well as basic wooden furniture and related products.
This announcement was made through Directive No. 93/2024, emphasizing the requirement for these items to be produced locally before being exported overseas. The move aims to encourage value-added production and boost exports in these key sectors.
The Ministry of Commerce has announced new regulations aimed at promoting the production and export of high-quality goods, as outlined in a recent notification issued under Sub-Section (b) of the Exporter Law. The move is expected to boost value-added production and enhance Myanmar’s export capabilities.
The directive permits foreign companies to produce and export eight specific product categories: Processed meat products, fish and fisheries products, pulses and beans, pulp and paper, seeds and purified minerals, value-added or high-end finished products made from raw materials, furniture, environmental conservation materials.
Companies intending to export these products must adhere to strict guidelines, including: 1. Obtaining export licenses approved by relevant departments such as the Department of Agriculture and the Ministry of Mines. 2. Submitting proof of sufficient storage facilities and compliance with national dietary and environmental standards.3. Meeting specific regulations for product categories, including seed laws, forestry guidelines, and environmental conservation rules.
The Ministry emphasized that this initiative is designed to encourage sustainable practices, improve product quality, and support economic growth through expanded access to international markets.
The Ministry of Commerce has announced the revocation of two previous notifications through its latest directive; Notification No. 24/2019, dated June 6, 2019, and Notification No. 48/2023, dated July 20, 2023, have been officially annulled under the provisions of the current notification.
