Last updated: 14 Feb 2013
Tariffs and regulations
Tariffs and duty rates are constantly revised and are subject to change without notice.
Austrade strongly recommends you reconfirm these prior to selling to Myanmar.
Import and export requirements
Foreign companies must be registered under the Foreign Investment Law in order to import to or export from Myanmar. All transactions are subject to an Import or Export Licence from the Export-Import Registration Office at the Trade Section in the Ministry of Commerce. The government has recently made an effort to reduce the red tape involved in this process. Telegraphic Transfers have not been available for many years and all importing is subject to Letter of Credit terms only.
The AANZFTA Tariff Finder provides an easy reference for Australian exporters wanting to know what the applicable tariff rate is for their products. Please visit http://aseantariffs.austrade.gov.au/.
Top Business Risks
OECD Guidelines for Multinational Enterprises
Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.
Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.
The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.