Crackdown on illegal trade to boost legal trade

 

October 19

 

I LLEGAL trade can hamper the economic development of the State by reducing manufacturing activity among business owners and diminishing their competitive capability in the market. Preventing illegal trade can boost export volume and enhance the commercial sector by promoting product manufacturing and market competition. Additionally, these initiatives can increase local money circulation, raise export product volume, and generate more foreign exchange. As a result, the country can experience growth in its manufacturing, trade, and service sectors.

 

Myanmar is rich in natural resources, with a strong focus on the agricultural sector. To boost the state economy, the government has encouraged the manufacturing of natural resource-based products and agricultural goods while also working to promote micro, small, and medium-sized enterprises (MSMEs). However, illegal trade activities have had negative impacts on the nation’s socioeconomic sector.

 

Illegal trade eradication task forces formed in regions and states managed relevant squads, impounding smuggled goods and addressing illegal trade activities worth K300.28 billion across 14,659 cases during the two years and eight months from January 2022 to August 2024. However, this amount was relatively small compared to the State’s overall trade sector. Therefore, authorities and task forces must intensify efforts to take action against those involved in illegal trade activities.

 

With regard to seizures in July and August 2024, the Customs Department nabbed the most considerable amount and volume of illegal trade process, followed by the task force from Mandalay Region, Sagaing Region and Kahin State in series. The authorities seized unregistered vehicles and illicit commodities in the largest volume, industrial raw materials in the second largest volume and capital goods in the third largest one.

 

The economic development of a country depends on manufacturing and trade sectors. As such, authorities need to encourage agriculture- and livestock-based businesses. Meanwhile, relevant ministries have to fulfil the basic needs of farmers from the agriculture and livestock breeding sectors as part of implementing the assigned duties.

 

It is necessary to supply fertilizers, pesticides, quality strains of seeds, agricultural inputs, animal feeds, vaccines, and other needs to farmers on time. On the other hand, relevant authorized bodies need to systematically supervise the trafficking of prohibited goods, taking advantage of priority on legal trade measures. If so, legal trade contributes to local businesspersons and traders on their official process at home and crack down on illegal trade processes.