The Ministry of Commerce has commented on Friday, that Myanmar is contemplating lifting duty tax on rice exports. The discussions are the initiated due to China’s unease in Myanmar traders who tried to export rice in unnamed bags to avoid China’s quality control officials. Currently about 80% of Myanmar’s rice exports are to China through northern border and Myanmar is debating with China’s AQSIQ (General Administration of Quality Supervision, Inspection and Quarantine), which may allow for duty free, quota free rice exports. In FY 2013-14, 684,698 tons of rice (i.e. US$274 million) was traded across to China while 381716 tons of rice (i.e. US$106 million) was exported to other countries.

LEAVE A REPLY