Myanmar: International Trade & Investment

Myanmar's Ministry of Finance and Revenue has introduced revised procedures governing the importation and exportation of goods and vehicles, replacing the 2017 framework with updated compliance requirements and penalties. The new notification establishes stricter regulations for both importers and exporters, covering licensing, declarations, product specifications, and introduces separate penalty schedules for violations.

Business opportunities in Myanmar have been growing, economic sanctions have been receding and the doors have been opening further for foreign investors.