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TRADE AND POLICY
Fundamental Rules and Objectives
     The state has been implementing, laying down three fundamental trade and commerce rules: the objectives of three rules are for the welfare of the State and her citizens who should not be oppressed by commercial activies to be carried out not aiming at profit but only for long-term continuance. The Ministry of Trade and Commerce has carried out the act ivies based on four objectives namely "to support the activities of domestic and foreign trade to promote the nation's economy to make trading enterprises capable and business-like organization to get more foreign currency for the State by exporting more to provide supportive measures for commercial activities of the cooperative and private entrepreneurs".
Domestic and Foreign Trade Activities
     The following fun5damental activities are include in domestic and foreign trade:-
  1. The Field of trade
  2. Exports
  3. Imports
  4. Borders trade
  5. Activities of buying and selling rice, paddy, Pulse and maize
The field of trade
     Since 1988, the market-oriented economic system has been in practice in Myanmar Process such as giving freedom to the agricultural sector, encouraging foreign investment, giving legal service for border trade, encouraging the participation of private sector in foreign trade and letting companies joint-venture, traders and Association of Union of Myanmar Chamber of Commerce and Industry have been organized in sequences and are being implemented step by step.
Trade Policy
     Myanamar Naing-Ngan believes in the concept of freedom in commerce and wisher for an independent and fair commercial system all over the world. Myanmar is one of the first countries in GATT. Now, Myanmar is a member nation of the Eorld Trade Organization which was organized through GATT. Therefore foreign trade a activities of Myanmar Naing_Ngan are carried out according to the system of W.T.O. Myanmar Naing-Ngan signed agreements with the countries within Asian regions, the Republic of Korea, the People's Republic of China, Thailand, Bangladesh, India, Pakistan, Vietnam, Loas, the Philippines, Malaysia, so also with seven Eastern Europe Countries. Such agreements are aimed at the reinforcement of possible trading techniques for long-term development based on the attitude of mutual benefit. Moreover, the terms contained in these agreements are in accordance with the norms of W.T.O. Major trading countries of Myanmar Naing-Ngan are the peoples Republic of China, Singpore, Japan, Thailadn, India and Malaysia which are countries within Asia. European Economic Community is the second important trading counterparts.
Export
     In October 1988, the State gave up Planning And Economic System centrally controlled and practised independent market-oriented economic system. As a result economic and trading business developed considerably. The main exports are farm produce such as rice, pulses, maize, animal food and wood products such as teak, hardwood, sawed wood, metallurgical products and jewellery.
Statement Showing Domestic Export of Principal Commodities
(Kyat in Myanmar)
Sr.No Groups of Commodities 1996-97 1997-98 1998-99 1999-2000
1. agriculture Product 1981 1952 1890 1602
2. Animal Product 9 8 34 28
3. Marine Product 887 945 941 807
4. Timber Product 985 853 789 925
5. Metallurgical Product and Jewellery 192 237 223 508
6. Others 1032 2016 2380 2296
Total 5488 6447 6728 7043
Domestic Export and Import [1998 - 99 to 2001 - 2002]
(Kyat in Myanmar)
Sr.No Groups of Commodities 1998-99 1999-2000 2000-2001[P] 2001-2002[April-Jan]
1. Domestic Exportt 67281.1 6552.2 7605.7 3472.3
2. Import 16871.7 14420.8 11605.0 5108.8
Imports from Abroad
     The State has been steadily increasing the volume of imports of commodities in order to adequately fulfil the basic needs of the people and the commodities required by the infrastructure development projects being implemented by the State. A comparison of the imports is showing below;-
(Kyat in Myanmar)
Sr.No Groups of Commodities 1996-97 1997-98 1998-99 1999-2000
1. Capital Goods 4714.2 6552.2 7358.0 5335.1
2. Animal Product 3046.0 3350.1 4171.3 5132.0
2. Marine Product 4018.6 4843.9 5342.4 5797.7
Total 11778.8 14366.1 16871.7 16264.8
Legal & General Consideration
Myanmar Commercial law
Foreign investment policy
Legal forms of business organization
Economic activities reserved for the government
Labours law
Trade Policy
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