Customs, ADB developing new trade clearance scheme

YANGON — The Asian Development Bank is helping the Customs Department to develop a scheme for simpler and faster import and export clearance procedures, the ABD said in a July 27 news release.

The Authorised Economic Operators scheme was the focus of a three-day workshop for Customs officials in Yangon last week, the ADB said.

The scheme will enable importers and exporters with a good record of customs compliance and commercial records management to receive a range of trade benefits, including faster customs clearances, the release said.

“Through the workshop, customs officials will identify accreditation criteria and appropriate trade facilitation measures for AEOs in Myanmar, identify the most appropriate customs management structure for the AEO scheme, and develop a work plan to pave the way for a detailed AEO implementation plan,” it said.

“As Myanmar’s economy continues to expand and open to the world, it’s increasingly important for it to have strong customs measures in place to facilitate the free flow of goods,” said James Lynch, ADB’s director for regional cooperation and operations coordination in Southeast Asia.

Support more independent journalism like this. Sign up to be a Frontier member.

Last week’s workshop wasthe first part of a comprehensive assistance program to develop a voluntary accredited scheme to benefit compliant traders, the Manila-based ADB said.

Share on facebook
Share on twitter
Share on email

More stories

Latest Issue

Stories in this issue
Myanmar enters 2021 with more friends than foes
The early delivery of vaccines is one of the many boons of the country’s geopolitics, but to really take advantage, Myanmar must bury the legacy of its isolationist past.
Will the Kayin BGF go quietly?
The Kayin State Border Guard Force has come under intense pressure from the Tatmadaw over its extensive, controversial business interests and there’s concern the ultimatum could trigger fresh hostilities in one of the country’s most war-torn areas.

Stay on top of Myanmar current affairs with our Daily Briefing and Media Monitor newsletters

Our fortnightly magazine is available in print, digital, or a combination beginning at $80 a year

Sign up for our Frontier Fridays newsletter. It’s a free weekly round-up featuring the most important events shaping Myanmar