Department
of Border Trade |
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Organization The Department of Border Trade (DOBT) was established in 1996 to implement and facilitate border trade activities under the guidance of the Ministry of Commerce.
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The DOBT is headed by a Director General and consists of the following five Departments –
The Department of Border Trade is now in full swing and it has already opened (10) Border Trade Posts at the various border points mentioned below –
Objectives
Functions The DOBT undertakes registration of exporters and importers doing border export and import trade. It is authorized to issue export / import licences and permits through border area. It is also the regulatory body for imports and exports of the private sector in overland trade with neighbouring countries, namely, China, Thailand, Laos, India and Bangladesh. The bilateral border trade agreements have already signed between Myanmar and these neighbouring countries. Now, the Department of Border Trade has already opened (10) branch offices providing one-stop- services for border trade matters in collaboration with various departments concerned. Volume of Trade The Volume of Trade from FY 1995-96 to FY 1999-2000 are as follows : –
Contact Address DEPARTMENT OF BORDER TRADE 19/43 BOSUNPAT STREET, YANGON, MYANMAR. E mail – [email protected] Payment mechanism Border Trade method which is using Local currencies was Suspended since 1997 and Normal Trade Method which is Export First / Import Later system was introduced. In the Normal Trade System, all payments have to be made in us Dollars. Import was permitted based on the value of export proceeds. Later, according to the Notification No. 5/2000 dated 13.11.2000, issued by the Ministry of Commerce, all payment have to be made in us $ (or) kyats (0r) respective local border area and Ruppies in Myanmar-India border area. Then, according to the Notification No. 6/2000 dated 28.12.2000, issued by the Ministry of Commerce payments have to be made in us Dollars (or) kyats (0r) Baht in the Myanmar-Thiland border area. But payments have to be made only in us Dollars in the Myanmar-Bangaladesh border area as prescribed in privious notification. So, also, allpayments have to be made in us $ or kyats and respective currencies of Thailand in Myanmar-Thailand border area according to the notification No.6 dated 28.12.2000 is prescribed by the Ministry of Commerce.
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Copyright
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