Trade Facilitation

Description

According to the World Bank Logistics Performance Index (LPI) (2012), which measures countries’ trade logistics efficiency, Myanmar is ranked 129th out of 155. Myanmar performs below the averages of Asian and lower middle income countries on every measure. Decades of isolation from the international community has led to a deterioration of Myanmar’s trade capacity, as it was unable to access external financing and technical assistance to facilitate trade. Despite WTO assistance, Myanmar is lacking adequate institutional capacity to actively participate in international issues. The new government has carried out a number of reforming measures to facilitate trade and rebuild trading capacity after coming into power in 2011. The reforms include upgrading soft and hard infrastructure, liberalizing certain commodity sectors, allowing motor vehicle importing, abolishing certain trading taxes, easing documentation processing as well as increasing the availability of import/ export licences (Myanmar International Convention Center (MICC) 2013). Regarding cross-border trade in Myanmar, it costs USD 670 to export per container and USD 660 to import, and it is cheaper than regional average. Yet, international trade with Myanmar requires more documents and takes longer time than the average of East Asia & Pacific as well as OECD countries.

Logistics Performance Index (LPI): Country Comparison
Logistics Performance Index – Evolution