Overseas Joint Venture Businesses Approved to Export 22 types of value added products
The government has approved export for 22 types of value added products by foreign joint venture businesses, according to the notice by the Ministry of Commerce on 22 January. Foreign businesses in Myanmar can now form joint ventures with local companies for the purpose of exporting a range of products, including cosmetics, purified metals, wood-based furniture, and ceramic tableware and kitchenware. The change is part of a government move to boost exports of value-added finished products in a bid to reduce the country’s reliance on raw material export. The allowed items are meat, crops, plastics and pulp, ceramic materials, ceramic…