doing business in myanmar – what you need to know as a singaporean
Myanmar is aiming to fully implement the newly upgraded TradeNet 2.0 system by January 2021, said Minister of Commerce U Than Myint during the launch of the online trade platform on November 12.
When the system is fully implemented, traders will be able to apply for export/import licenses online. The upgraded e-licensing system is expected to consolidate the application process onto one platform and make things more efficient for traders, said U Than Myint.
In the first phase of implementation, the ministry will be able to verify application forms and issue export/import registration certificates, licenses and other related cards online.The information provided during the application process will be saved on the system to simplify future renewal or registration procedures.
The Ministry of Commerce plans to implement TradeNet 2.0 with technology and funds provided by the United States Agency for International Development (USAID).The admin process for trading will be much fast and costs will be reduced when trade registrations and license applications are moved online under a single entry system. It will help manufacturers
and farmers promote and export local crops overseas, according to USAID. – Translated
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Source : Myanmar Times
