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Myanmar: Construction materials trade opened to local-foreign joint ventures
Myanmar: Construction materials trade opened to local-foreign joint ventures
Monday, 11 July 2016 – The Ministry of Commerce has further relaxed trade restrictions on foreign companies, opening onshore trade in construction materials to local-foreign joint ventures, according to a July 7 announcement. International firms were barred until last year from Myanmar’s import-export industry, which was tightly controlled until 2011 by companies with ties to the former military regime.
Last November, as part of a wider trend toward liberalisation, the government allowed foreign companies access to onshore trade for the first time – initially only in agricultural products and hospital equipment – on condition they partner with a local company. Read More?