Myanmar has sought tax exemption for its
agro products export as it pursues several trade agreements with China,
according to the ministry of commerce.
In September, China granted tax-exempt status to 7,787 commodities from least developed countries including Myanmar.
However, China kept rice and yellow
maize from Myanmar out of this tax-exempt items’ list despite Myanmar’s
request for their inclusion, a commerce ministry official said.
China’s tax exemption is applicable for marine, wood, manufacturing products and jewelries.
Thein Myint Wai, assistant director of
ministry of commerce, said they would work to sign treaties with China
for market penetration of Myanmar agricultural products.
Currently, Myanmar is exporting
agricultural products, minerals, teak logs, woods, gems and jewelries,
and oil and gas to China. The country imports electrical and electronic
goods, machinery, clothing, home appliances and medicines from China.
Myanmar has border trade with China,
Thailand, Bangladesh and India. Of the countries, China and Thailand are
major partners in terms of trade volumes.
Meantime, volume of illegal trades with
the two countries is also huge. Illegally exported goods from China and
Thailand include edible oil, foodstuff, electronics and home appliances.
Timber, jade, minerals and gems and jewelries from Myanmar are imported
into the countries illegally.
source: Eleven Myanmar
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