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Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Myanmar opens up for foreign retailers and wholesalers

Foreign businesses and joint ventures are now allowed to carry out businesses in the retail and wholesale sector, according to the latest directive from the commerce ministry.  Leading business groups hailed the move as a right step towards attracting inwards investments for Myanmar.

The ministry issued the Directive 25/2018 on 9 May, authorising 100% foreign-owned companies as well as joint ventures between international and domestic investors to carry out retail and wholesale businesses.  The trade policy is essential for reforming the economy of the country.

The liberalisation measure, the directive explained, was to foster competition in the sector to provide more options, cheaper options and better options for consumers across the country.  This will bring in technology and quality products for the sector, facilitate growth of small and medium-sized enterprises (SMEs), attract more foreign investments and create jobs. It will also help “prevent unfair competitions among the distributors, who are exploiting the consumers.”

Source: Myanmar Times

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