Myanmar aims to formalise trade flows and crack down on illegal goods ahead of the ASEAN Free Trade Area’s planned 2015 implementation, Minister of Commerce U Win Myint said.
Anti-smuggling mobile teams and other efforts have had some success in cutting down Myanmar’s cross-border commerce flowing outside official channels, he said.
“We are investigating ways to end illegal trade,” he said.
However, most of Myanmar’s imports and exports are still unrecorded.
ASEAN Economic Community Affairs Department expert Daw Than Than Lynn said authorities are moving to eradicate illegal trade as it will even the playing field between firms and ensure stable prices and qualities for products.
Intellectual Property Consultant U Thein Aung said the implementation of the trade area also carries requirements to follow intellectual property rights rules which Myanmar currently does not enforce at a sufficient level.
source: The Myanmar Times
http://www.mmtimes.com/index.php/business/8272-govt-plans-to-target-smuggling-for-afta.html
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