Encourage understanding of modern technology to ensure economic resilience following COVID-19

Department of Trade under the Ministry of Commerce on Friday introduced Myanmar Tradenet 2.0 to assist National Single Window system.
With the recent soft launching of upgraded Myanmar Tradenet 2.0, the Union Government take a step forward to drive economic growth by promoting the use of digital platforms among traders who are facing challenges amidst COVID-19 pandemic.
According to the Ministry of Commerce, the upgraded Myanmar Tradenet2.0 is available for traders to submit applications for registration by themselves on 16th November, and traders can apply for export and import permits for some goods on 1st December, and for all goods in January, 2021.
The upgraded system becomes a national single window system to assist the COVID-19 Economic Relief Plan’s (CERP) commitment to promoting e-commerce as well as us of digital and mobile platforms for payments and retail trade.
With launching of the single window system, the era of using different systems by different departments from different locations came to an end. Some systems included in 2004 are no longer useful.
Since 2016, licensing processes had been done fully online along with the introduction to Electronic Data Interchange system.
The upgraded Myanmar Tradenet2.0 is one of the innovative ways to move on from the upheaval of COVID-19. The system would ease doing business in our country and would create new business opportunities.
To respond to mitigating the impacts from the COVID-19 pandemic on businesses, the Union Government’s economic stimulus has provided fiscal and monetary relief to businesses.
Its stimulus package includes provisions for tax relief, credit for businesses, food support and cash transfers to households and policies to facilitate trade and investment.
However, to ensure economic resilience beyond the COVID-19, we must harness modern technology’s latest offerings to address society’s oldest problems.
The next generation of MSMEs must be digital-ready, familiar with e-commerce and digital payment platforms. Our farmers must become the knowledge workers of the future.
Hence, we must encourage technology farms that present innovative ideas to combat COVID-19.
Today, technological advances have drastically altered employers’ needs. Artificial intelligence (AI) and machine learning are transforming industries. Even manual positions now require basic computer literacy skills.
Our education system should be quick to adapt to ensure that they produce graduates equipped to meet the tech demands of the modern workforce.

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