Import Myanmar Essay

In this paper, the researcher will import the pharmaceutical products for both prescription drugs and over the counter (OTC) drugs to Myanmar. People in Myanmar face a shortage of essential goods such as medicines and medical equipment. Anymore, spending on medical needs is low and access to medical care is difficult in rural areas. So, the local demand for medicines and health supplements is mainly supported by imports.

3. Introduction

In every society, medicines are lifesaving, lifestyle-changing and health improving essential parts taken to cure illness in both physiologically and psychologically. The aim is to achieve a longer, improved quality of life by reducing pain and suffering of huge financial loss because medicines are not cheap. The home country of researcher is Myanmar (Burma). The

In Myanmar import policy, different rules are applied to imports depend on whether they are commercial or non-commercial in nature. For importation of goods into Myanmar, the Customs Department of the Ministry of Finance (Customs) controls imports into Myanmar. (myanmartradeportal.gov.mm)Customs is responsible for accessing and colleting applicable customs duties and taxes on imports and carrying out other regulatory and law enforcement responsibilities relating to imports. In Myanmar import policy, labeling regulations are applied to imported goods. Food and pharmaceutical products must be labeled under the National Food Law and the National Drug Law. (myanmartradeportal.gov.mm)Pharmaceutical labels must clearly describe the brand name, generic name, active pharmaceutical ingredients (API), and contents, including name and amount, batch number, date of manufacture, expiry date, and manufacture, expiry date, and manufacture’s name and address, in English or in Myanmar. Customs duties and taxes may be estimated on imports. Customs duties assessed on imports are examined based on three