26 Jan Trade portal website will improve transparency

Written by Mizzima Published in Trade Read 3323 times
Workers unload cement from a ship at the port in Yangon, Myanmar April 5, 2012. Photo: Thet Htoo/EPA
Workers unload cement from a ship at the port in Yangon, Myanmar April 5, 2012. Photo: Thet Htoo/EPA

Myanmar is set to launch a new trade information portal to boost trade transparency by the end of 2015, reports the Global New Light of Myanmar on January 24.

The move was announced by the Myanmar Ministry of Commerce at a workshop on Myanmar's first World Trade Organization trade policy review held in Yangon on January 23.

The trade portal will include a website, set up in partnership with USAID, that will feature all trade-related information including tariff and non-tariff measures related to the import and export of commodities.

Myanmar's trade portal will be a single authoritative source for all laws, regulations, and procedures for traders and government agencies involved in the import and export of goods.

Members of the WTO have praised Myanmar for key reforms undertaken to boost its economy and reintegrate it into the global economy after decades of poor economic management.

Myanmar is set to join the ASEAN Economic Community with other ASEAN states at the end of 2015.

Last modified on Monday, 26 January 2015 14:09