Myanmar authorities are encouraging the development of automobile assembly industry in Myanmar

Myanmar is encouraging the development of automobile assembly industry, allowing auto manufacturers to import products that are essential to make vehicles in the country, Xinhua reported.

According to the Supervisory Committee for Motor Vehicle Imports and Related Business Monday, between April 2018 and January 2019, the committee has allowed eight auto manufacturers to import such products.

Than Myint, Minister of Commerce and the committee's chairman stressed the need to give priority to investors who offer technological assistance through assembling and manufacturing their products in accordance with Myanmar Investment Commission's rules and regulations.

He disclosed that about 120 car sale centres with 44 showrooms had been opened as of May this year.

(Mizzima: http://www.mizzima.com/article/myanmar-encourage-automobile-assembly-industry )

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