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December 16, 2019

Gold merchants hope for assistance of government to penetrate international market

Mandalarian gold merchants facing difficulties to export quality gold of Myanmar to the international market hope for assistance of the government, gold merchants in Mandalay told media.
Executive U Aung Hsan Win of Aung Thamadi Gold and Jewellery Trading said that although Myanmar’s gold meets the international standard, only when the government provides assistance of necessary technology, will the merchants export gold to the international market.
“Gold production and its quality meet international standard. Although local gold merchants have high demand in the domestic market, they have many hurdles to penetrate the international market. For example, we need to produce gold through kilo system. So, we need the machinery to apply kilo system and technology. If we have the opportunity to export gold with the assistance of the government’s assistance, the government will levy more tax,” he continued.–Min Htet Aung (Mandalay Sub-printing House)

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