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- 1 -
Convenience translation - accuracy
not guaranteed
The Government of the Republic of the Union of Myanmar
The Ministry of Trade and Commerce
The Minister’s Office
Notification No. 55/2017
14th
Waning Day of Tazaungmone 1379
(17th
November 2017)
The Government of the Republic of the Union of Myanmar, the Ministry of Trade and Commerce
hereby releases this notification according to the authority given by the Export of Goods and Import of
Goods Law section 13 sub-section (b).
Allowing foreign joint venture companies to import and sell (trade) agricultural machines
1. With regard to the implementation of the industrial farming system in the country’s
agricultural sector, foreign joint venture companies are, from the date of the issuance of this
notification, allowed to import and sell (trade) agricultural machines listed in the attached HS
Code in order to enable the purchase of agricultural machines at a fair price and to increase the
productivity of agricultural products.
1. [sic] Therefore, foreign joint venture companies shall comply with the following terms and
conditions when trading agricultural machines.
(a) The foreign joint venture company must be able to engage in trading business.
[Translator’s note: Means that it has to be registered as a “trading” company with
DICA.]
(b) We will allow according to the equity ratio that was allowed when the foreign joint
venture company was registered. [Translator’s note: A bit cryptic, but it probably
means that the Ministry of Commerce accepts any foreign/local ownership ratio as
shown in “form 6” submitted to DICA at the time of company incorporation, i.e. that the
Ministry of Commerce sets no minimum local ownership.]
(c) The foreign joint venture company is allowed to engage in retail and wholesale
business of agricultural machines.
(d) Form 6/26 issued by the Directorate of Investment and Company Administration and a
bank statement have to be submitted when applying for the registration certificate as
exporter/importer.
- 2 -
Convenience translation - accuracy
not guaranteed
3. The foreign joint venture companies shall import the agricultural machines for sale in
compliance with the laws, rules, regulations, orders and directives issued by the relevant
department.
4. With regard to the engagement in trading business of agricultural machines, the foreign joint
venture companies shall be allowed and permitted according to the same procedures that
apply to local companies.
5. The list of goods permitted to be traded by foreign joint venture companies may be amended
from time to time as required.
(Signed)
Dr. Than Myint
Union Minister
Ministry of Trade and Commerce
Letter number SaKa-11/2-18/2017 (16)
17 November 2017
Distribution list: [omitted.]