Officials reassure businesses over controversial draft trade law in Myanmar

Staff working at a KFC branch in Yangon. Myanmar Govt has promised that the heavily criticised draft trade law will not burden companies with another layer of bureaucracy. - ANN

YANGON: Myanmar’s heavily criticised draft trade law will not burden companies with another layer of bureaucracy and may be amended before submitting to the cabinet and then parliament, according to senior officials.

Trade Department Director-General U Minn Minn said in Nay Pyi Taw that the legislation was still in the consultation process and would be referred to the Attorney General within four months, by mid-April and the Myanmar new year. Lawyers for the World Bank and Germany’s development agency GIZ were involved in the process, he said.