MCCPMD calls for pharmaceutical import companies to exhibits medical supplies

The Myanmar Chamber of Commerce for Pharmaceutical & Medical Device (MCCPMD) invited the pharmaceutical import companies for the second time to display the medical supplies under the pharmaceuticals retail and wholesale programme on 18 August.
The second expo is planned to be located at Myanmar International Convention Centre at the corner of Merchant Street and Bo Sun Pak Road in Pabedan Township.
This move aims to provide the quality and safe products with Drug Registration Certificate issued by Food and Drug Administration Department. People can buy all the COVID-19 related medical supplies at one place.
The first expo is open from Monday to Friday between 10 a.m. and 4 p.m. at No.104/108 on Strand Road, Ahlon Township, Yangon. About 30 pharma companies exhibited starting from 16 August.
Those who want to join the second expo can contact the mobile phone of the MCCPMD: 09403366882 and 09403366883.
In a bid to import the essential pharmaceuticals and medical devices from India, India reopened the cross-border traffic to Myanmar. Myanmar’s Tamu border trade hub resumed operations starting from 2 August, MCCMPD stated.
The import value of Myanmar pharmaceutical products was estimated at US$343.78 million in the eight months (Oct-May) of the current financial year 2020-2021, according to Myanmar Customs Department.
Myanmar imports 90 per cent of medicine and medical products through foreign markets.
India is the main supplier for Myanmar. Also, it is imported by Bangladesh, China, Germany, Indonesia, Japan, Republic of Korea, Malaysia, the Philippines, Singapore, China (Taipei), Thailand, US and Viet Nam.
Trade has returned to normalcy after panic buying during the coronavirus pandemic. At present, pharmaceutical import is regularly flowing. However, the prices of pharmaceuticals were up by 5 to 10 per cent owing to the Kyat depreciation. The COVID-19 related medical devices including surgical masks and pulse oximeter are highly demanded in the country amid the COVID-19 surging cases.
The Ministry of Commerce has removed the red tape for imports of some pharmaceuticals which have been earlier imported.—KK/GNLM