When those restrictions are lifted, the local market will become more competitive as foreign companies penetrate the market. "We have started procedures to permit foreign companies to trade, with an aim to create fair competition among farmers," Khin Maung Lwin told the Myanmar Times. "If the Commerce Ministry allows foreign companies to import products in Myanmar, there will be more competition in terms of quality and prices. In 2015, it was announced that joint ventures established by foreign and local firms were allowed to import fertilisers, insemination seeds, pesticides, hospital equipment and construction materials in 2016. This policy change means all foreign companies will now be allowed to import fertilisers, insemination seeds, hospital equipment and construction materials for the first time in the country.

Source: Bangkok Post May 18, 2017 13:18 UTC