Importers of heavy machinery, such as tractors and bulldozers, will soon be allowed to import brand new stock to showrooms throughout the country as part of the government's plan to boost construction

Importers of heavy ma­chinery such as trac­tors and bulldozers will soon be allowed to import brand new stock to showrooms throughout the country as part of a government plan to bol­ster construction.

The Ministry of Com­merce announced last week that it would begin issuing import licences for the vehicles soon.

Local and joint venture companies are both eligi­ble to open new machin­ery showrooms but min­istry requirements say companies must have a minimum of K750 million deposited in a local bank account.

All showrooms must be a minimum of three acres with a minimum 5,000 square feet after-sales workshop.

To be eligible for import, the machines must not be more than three years old and those weighing more than 60 tons will require a special recommendation from the ministry.

Machines can be im­ported by land or sea but the ministry has said import licenses cannot be exchanged or sold to other traders. If machines aren't sold within three years, businesses have the option to ship them back to the country of origin or register them at the Road Transportation Adminis­tration Department.

Used machinery im­ports have been permit­ted since 2015.

(Myanmar Business Today: http://www.mmbiztoday.com/articles/government-relaxes-rules-new-heavy-machinery-boost-construction)

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