The government is actively working to enhance the trade processes undertaken by private businesses, both domestically and internationally. While import taxes are being levied, private entrepreneurs are engaged in trade operations that extend to foreign markets through maritime and land border routes.
To ensure a seamless and efficient flow of goods, business owners import products and transport them to various regions and states, navigating tollgates and checkpoints. In a bid to expedite this process, the Ministry of Commerce has implemented various measures to facilitate the smooth movement of commodities.
According to the Ministry of Commerce, the MyCO system has been instituted to assist businesspersons in establishing companies and business organizations. Additionally, the Myanmar Trade Net 2.0 system enables businesses to register for exports and imports, as well as apply for the necessary licenses. The Ministry has also introduced the Myanmar Automatic Cargo Clearance System (MACCS) for those involved in the trade sector to facilitate export and import declarations. Furthermore, an online matching system has been implemented for convenient international fund transfers and receipt of funds from abroad. Presently, the government has established an online connection linking relevant government organizations through a businessperson-centric online marketing network system.
This network is designed not only to minimize illegal trade activities but also to ensure a streamlined trading process through an online network system connecting various departments. Additionally, it introduces a national single windows system. Consequently, government departments and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) must collaborate to organize businesspersons more systematically and operate trade measures in accordance with the law, rules, and regulations.
Businesspersons have to sympathize people who face daily foot, clothing and shelter problems whenever they wish to rise profit from their essential commodities and they have to do their businesses honestly and righteously in measurements and weighing of trading. The government’s commitment to creating an environment conducive to legal trade not only benefits businesspersons but also contributes to the overall economic development of the state. The synergy between government departments and private enterprises is crucial for fostering a transparent, efficient, and lawful trade ecosystem.
As part of efforts to enhance the state economy, officials from government departments and businesspersons must engage in a meaningful exchange of information and ideas. This collaborative approach is essential for amending necessary measures, addressing weak points in legal procedures, and promoting the continuous improvement of the trade sector.
Businesspersons have to sympathize people who face daily foot, clothing and shelter problems whenever they wish to rise profit from their essential commodities and they have to do their businesses honestly and righteously in measurements and weighing of trading. The government’s commitment to creating an environment conducive to legal trade not only benefits businesspersons but also contributes to the overall economic development of the state. The synergy between government departments and private enterprises is crucial for fostering a transparent, efficient, and lawful trade ecosystem.
