Myanmar: Crude oil, diamond and gold exports to be legalised next year: official

  • Aug 10, 2016

Myanmar: Crude oil, diamond and gold exports to be legalised next year: official

Thursday, 04 August 2016 – The government will lift restrictions on exporting crude oil, diamonds and gold early next year, an official told The Myanmar Times yesterday, cutting the state list of restricted goods down to just four.

Earlier this year, the government took five items off the list: niger seed and oil, mustard seed and oil, sunflower seed and oil, oil cakes, and shrimp bran, which is used as animal feed.

Still on the list along with gold, diamonds and crude oil are cow, horse, buffalo, elephant and other rare animals; weapons; antiquities; and ivory.

Restrictions will be lifted on gold, diamonds and crude after discussions with relevant government departments and businesspeople, said U Khin Maung Lwin, assistant secretary at the Ministry of Commerce. Read More?