February 11, 2017

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Five restricted export goods relaxed by Union Government

Farmers traditionally mill groundnuts to produce edible oil in Kyaukpadaung, near Bagan. Photo: Aye Min Soe
Farmers traditionally mill groundnuts to produce edible oil in Kyaukpadaung, near Bagan. Photo: Aye Min Soe

Restrictions on five out of 12 controlled export goods have been relaxed by the Union Government, it is learnt from the Ministry of Commerce.
Previously restricted for export were sesame oil, mustard oil and mustard seeds, sunflower seeds and sunflower oil, by-products after oil crops are milled and shrimp brine. Previously, sesame, sunflower and mustard oil and seeds; by-products of oil crop-milling; gold; diamond; petroleum; crude oil; rare animals and products like ivories; buffaloes, oxen; elephants, horses; shrimp  brine; arms and ammunitions; and antiques were prohibited for export.
The Commerce Ministry will make efforts to triple the export volume in the incumbent government period. Currently, efforts are being made to bolster the export volume year by year in each sector. —GMLM

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