The Trade Department under the Ministry of Commerce has unveiled the top three priority sectors for imports.
The priority sector covers pharmaceuticals, medical devices, fertilizers, pesticides, seed, diesel, petrol, edible oil, raw materials used in livestock businesses, veterinary drugs, industrial raw materials, PET chips, food materials, plastic raw materials, medicine and herbal raw materials, packing materials, lubricants, engine oil, other industrial oil, tar and LPG gas. The importers are entitled to buy foreign currency to bring those items into the country.
The department revealed iron and steel, paper and stationary, equipment for electricity generation, transmission and distribution, construction materials, machine and spare parts, tyre and rubber products, auto parts and accessories for telecommunication under the second priority sector and electronic goods, telephone, telecommunication device, telephone, food commodity, consumer goods, vehicle for commercial purpose and machinery under the third priority sector for importation.
Myanmar imported US$8.13 billion worth of goods as of 22 September in the current financial year beginning 1 April, the Ministry of Commerce’s statistics showed. — TWA/EM
