The Treasurer’s Guide to Trade Finance

(Martin Jones) #1

Myanmar


Tariffs/Taxes
Imports
ƒ Myanmar is subject to the AFTA Common
Effective Preferential Tariff (CEPT) scheme,
which applies tariff rates of between zero
and 5 percent to goods with at least 40
percent ASEAN content if traded within
ASEAN. The CEPT covers around 98
percent of all tariffs.
ƒ Non-ASEAN country import tariffs are
implemented in accordance with AFTA and
WTO regulations and are collected on a MFN
basis, with rates ranging up to 40 percent.
Exports
ƒ Export tariffs apply to petroleum, teak,
other hardwoods and their conversions,
gas, jade and other precious stones. Export
tariffs range from 5 percent for petroleum to
50 percent for teak and hardwood logs.

Prohibited items
Imports
ƒ Trade with countries under UN embargo and
with which Myanmar has severed diplomatic
relations is prohibited.
ƒ Certain individual items are also prohibited
from being imported. These include any
commodity banned under existing national
laws and international conventions, as well
as all narcotics, playing cards, and gold
bullion.
Exports
ƒ Trade with countries under UN embargo and
with which Myanmar has severed diplomatic
relations is prohibited.
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