Wednesday , September 26 2018

Myanmar customs to boost imports and exports

The Asian Development Bank (ADB) supports the Customs Department of Myanmar in developing its authorized economic operator (AEO) scheme, a new system that will simplify and accelerate the settlement of imports and exports goods.

In a workshop of three days this week, the customs officials will begin to develop the AEO, which allow traders with a good record of compliance with customs and a system of document management sound business to receive a number of benefits facilitation trade, including customs processing.
“As the economy of Myanmar continues to expand and open up to the world, it is increasingly important to have strong border measures in place to facilitate the free movement of goods,” said James Lynch, director of the Asian Development Bank for regional operations coordinating cooperation in Southeast Asia. “By taking this important step, Myanmar customs to ensure compliance with the Plan of the ASEAN Economic Community and ASEAN trade in goods agreement, and to ensure the country is in line with international standards of the World Customs important trade facilitation and the agreement of the World Trade. “

Relevant : Myanmar Trading volume jumped

Seminar this week is only the first part of a comprehensive assistance program to develop a voluntary program accredited operator will provide a number of benefits of trade facilitation for compliant operators.

Through the workshop, customs officials identify accreditation criteria and appropriate measures to facilitate trade in Myanmar AEO, identify the most appropriate structure for the regime of border management AEO, and develop a work plan to prepare the way for a plan detailed implementation of AEO.

These activities are supported under the proposed Regional Technical Assistance of ADB to strengthen trade facilitation in the GMS Through the partnership with the private sector.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. Founded in 1966, it is owned by 67 members – 48 from the region. In 2014, the ADB assistance amounted to $ 22.9 billion, including co-financing of $ 9.2 billion.

Relevant : Myanmar Exports

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