Discussions conducted to facilitate CMP businesses

Officials held a discussion at the Myanmar Industries Association office meeting hall to facilitate CMP industries that use imported raw materials and domestically produce finished goods on 31 October.
In the discussion, the companies that are manufacturing the domestic products that are needed smoothly import the raw materials, and the companies that are working on the carton, poly bag, padding, mold, etc., using the raw material imported from abroad through the CMP system, are still facing taxes.
The Myanmar Investment Commission announced a press release on 20 November 2017 (87/2017) that these businesses are designated as investment businesses that export 100 per cent of their assets abroad and can apply for exemption from customs duties.
They talked about supporting CMP garments and factories, to make it easier for entrepreneurs to do business and to get benefits according to the law for businesses that export full percentage and to get benefits for the production of finished goods. — TWA/KZL