Initiate State Single Window System, beneficial for Myanmar

 

December 21

 

Myanmar has to implement the State Single Window System for ensuring a smooth trade process in relations with the international community and ASEAN region, following the provisions in the general protocol of the Kyodo agreement, the smooth trade process agreement of the World Trade Organization and the ASEAN commodity trade agreement.

 

According to the geographical conditions, Myanmar is endowed with good resources for agriculture and livestock sectors, natural forests, rivers, creeks and lakes as well as coastal areas. More than 13 million hectares of farmlands are placed under various kinds of crops such as paddy, pulses, corn, sesame and cotton. Hence, Myanmar exports rice, pulses and beans and maize to foreign markets.

 

Myanmar has been sufficient in food supplies in successive eras and exporting surplus agricultural produce and livestock products to neighbouring countries and global countries. As such, Myanmar has been standing tall as a country manufacturing basic food ration. Currently, the goods which are actually essential for the nation are imported under verification whereas plans are implemented for increasing the export volume.

 

The State Single Window System aims to save time and cost in customs clearance and trade processes. On the other hand, it is an effective and modern customs clearance in the trade process under the laws and work procedures with the effective participation of relevant departments in trade and all private businesses.

 

Myanmar is located in a strategic area of the Indo-Pacific region bridging the Indian Ocean and the Pacific Ocean. Ten ASEAN countries are home to more than 660 million population, and it can be said that the ASEAN region is the closest economic market of Myanmar. Likewise, two large countries namely India and China are also markets for Myanmar.

 

Stabilizing the market economy, Myanmar invites foreign investment to develop the economy of the entire national people. As such, the State Single Window System Implementation Leading Committee was formed on 8 October 2022 under notification 177/2022 to successfully serve the interests of the nation and the people.

 

To do so, the leading committee has to approve the technical way and work plan to implement the State Single Window System, urge relevant departments to join the system implementation, give guidance to relevant task forces for implementation, calculate the necessary budget for the system and submit the report on the progress of implementing the system to the State Administration Council Office. If so, such a single window system is sure to be useful for managing trade processes in Myanmar’s future.