Officials said although President Barack
Obama lifted import ban on Myanmar last month, the US Congress still
needs to affirm details of trade policies for import.
Myanmar officials expect the bilateral
trade to begin in 2013. They are now negotiating for relief of tariffs
and quotas for Myanmar products.
Myanmar, as one of least developed countries, may get tax relief on its export products to the US, an official said.
The official added that removing
non-tariff barriers and formulating efficient import and export policies
may also be on the agenda for bilateral discussions.
The US is intent to sell Myanmar its genetically engineered produce, frozen meat and soft drinks as well as various services.
On the other hand, Myanmar will
endeavour to gain market for its export products in the US. Major export
products of Myanmar include clothing, beans, rice, wood products and
marine products.
“Having less exposure to the global
markets due to sanctions imposed on the country by Western countries, it
is now of importance for our exporters to regain international market
for their products,” said Thein Myint Wai, assistant director of
commerce ministry.
Exporters also expressed their concerns
on whether their products may be competitive enough to penetrate
international markets, he added.
Myanmar has been imposed sanctions from international communities for its breaches on democracy and human rights.
Towards the end of 2012, the US and other Western countries eased sanctions gradually in order to encourage and support the country’s reform process.
source: Eleven Myanmar
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