Govt to Review $900 Million Duty-Free Import Deal
26 February 2013
Burma’s Ministry of Finance has requested the Myanmar Investment Commission to reassess its decision to waive duties on US $900 million worth of goods imported by Myanmar Annawa Swan Arshin Group, Eleven Media reports. Last year, the company was granted the rights to develop Rangoon’s Ahlone Shipyard into a 20-hectare international port. The group requested duty-free status for the import of various types of merchandise, including luxury cars, worth about $900 million—a request that the investment commission approved.