Home MMBIZ News New Law to Focus on Logistics, Transportation for SMEs

New Law to Focus on Logistics, Transportation for SMEs

Small and medium enterprises (SME) from Myanmar can boost their businesses with the implementation of the upcoming Comprehensive Transportation Law, said U Aung Khin Myint, chairman of International Goods Transportation Service Association.

“When SMEs distribute their products to the market, those who don’t have sufficient amounts to fill a container immediately have to wait for some time [to fill it in]. So, they can’t know the exact date of shipping or location of their container. According to this draft law, they can distribute their product without any obstacles,” he said.

Currently, the law is being discussed in the parliament. The bill states that the authority should connect the supply chain for SMEs from raw materials to products.

A Korean company is planning a joint venture with the Ministry of Rail transport to run a Yangon-Mandalay goods transport service and also requested the authority to allow the transportation of fruits and medicine along the Yangon-Mandalay highway, U Aung Khin Myint said.

“Most of the products exported from Myanmar are raw materials. We need more refined, value-added products. We are now trying to expand our offices to support SMEs,” said Deputy Director General Daw Aye Aye Win from SME Development Center.

She added that the new SME Law will also come out soon as the parliament has already confirmed its passage.

Recently, Ministry of Commerce and the Customs Department eased a lot of restrictions for SMEs, and barring some unexpected event, SMEs will develop further in 2017 and 2018, U Aung Khin Myint expects.

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