HomeMMBIZ NewsAuthorities to Issue Tyre Import Licences

Authorities to Issue Tyre Import Licences

The authorities will start issuing tyre import licences in a bid to regulate the quality of the tyres being imported into Myanmar, the Ministry of Commerce said in an announcement.

Previously, no import licence was required to import tyres, leading to imports of substandard and overpriced tyres.

“This move will regulate the sector better by setting up minimum quality requirements to import tyres. We would be able to get quality tyres with affordable prices,” Ko Htet Wai Wan, a tyre dealer in Yangon, said.

The ministry said it will issue 90-day licences to importers. However, they will be able to renew their licences quickly as the licensing process will be made easy with restrictions eased for automobile entrepreneurs, it said. Car tyres are currently imported mostly through Myawaddy-Mae Sot border trade station.

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