MoC issues over 400 Form E certificates at Muse trade zone within 15 days

The Ministry of Commerce has issued over 400 Form E certificates at Muse 105th-mile trade zone within 15 days this month.
Exporters can apply for Form E (ASEAN-China Free Trade Certificate of Origin) tax relief for some of Myanmar’s export items. The Form E certificate is granted in line with rules and regulations.
A total of 414 Form E certificates were issued between 1 and 15 October 2023 for frozen crab, crab, eel, cotton, rice, broken rice, dried plum, black sesame and gum karaya.
Additionally, export/import licences can be sought via the Tradenet 2.0 platform or manually at border posts.
Muse border saw 776 export trucks and 1,191 import trucks between 1 and 15 October. Trade value totalled US$31.706 million, comprising exports worth $14.317 million and imports worth $17.389 million, according to the Ministry of Commerce.
At present, the Chinese Yuan and US dollar are used as the official currency for border transactions for Sino-Myanmar trade. Transactions for pulses, corn, sesame and peanuts can be made in Yuan in addition to dollars. Meanwhile, trade for rice, broken rice, agricultural produce and fisheries such as crab and eel are allowed to be paid in Yuan.
Exporters are depositing the export earnings following the directives of the Central Bank of Myanmar.
Trade is steadily flowing at the Muse border, with over 100 trucks in and out of the zone daily.
The main export items are green gram, onion, cotton, eel, peanut, zinc mineral, gum karaya, corn, frozen crab, crab, broken rice, rice, cashew nut, sesame and plum. Meanwhile, vehicles and machinery, motorcycle parts under a Semi-knocked-down system, petrol, nickel, iron rods, batteries, battery cycle, footwear and carbon powder are primarily imported into the country. — NN/EM