Ministry of Commerce publicizes list of retail and wholesale goods open to foreign investment, as well as the list of products allowable for trade

The Ministry of Commerce (MOC) has issued its standard operating procedure (SOP) for retail and wholesale business registrations as well as a list of products allowable for trade.

The updates were announced on July 26, more than two months after notification (25/2018) was officially released, allowing retail and wholesale services run by wholly-owned foreign companies and joint ventures involving foreigners to operate in the country

The MOC said the list of products will provide specific information and make clear the type of goods allowed to be traded in Myanmar. The list includes 24 products and items, such as consumer goods, which includes clothes, watches and cosmetics, foodstuff, which includes agricultural, fishery, animal and instant products, beverages and locally-produced liquor, household and kitchen items, drugs and medical equipment as well as vehicles and vehicle parts (see table).

The SOP to apply for retail and wholesale services registration includes specifying the type of company, procedure for retail and wholesale operations, lowest investment amount, land area, if the business involves opening shops or enterprises and the registration period.

​