Interwoven Paths of Myanmar Mediation and Indian Yoga

Thanks to the centuries-long shared border and close historical ties, Myanmar and India share numerous cultural and traditional similarities. The connection between Myanmar meditation practices and Indian yoga stems from their shared roots in ancient Indian spiritual traditions, both emphasizing self-discipline, mindfulness, and inner peace. Both practices are deeply rooted in similar philosophical and spiritual frameworks that originated in the Indian subcontinent and subsequently spread throughout parts of Asia, including Myanmar.

China accelerates reform of renewable power pricing to promote sustainable development

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China accelerates reform of renewable power  pricing to promote sustainable development

CHINA is accelerating the market-oriented re form of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation. 

The National Development and Reform Com mission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice on deepening the pricing re form for electricity generated from renewable energy.

“From Illegal Trade to the Benefits of Legal Trade”

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“From Illegal Trade to the Benefits of  Legal Trade”

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The procedure for Authorized Economic Operators was announced by the Ministry of Planning and Finance through Notification 21/2018 on 30 March 2018.
As stated in the Procedure for Authorized Economic Operators, an Authorized Economic Operator is a company or organization officially recognized by the Customs Department that meets the criteria outlined in this Procedure and operates within the international trade chain. The international trade chain refers to the system that includes the organizations, processes, technologies, and resources involved in transferring goods or services from the seller to the consumer.
The criteria for recognition as an Authorized Economic Operator require that a person wishing to operate as an Authorized Economic Operator must comply with the company registration requirements and the business licence regulations specified by the Ministry of Planning and Finance, Directorate of Investment and Company Administration. The period between the date of registration under the Myanmar Companies Act and the date of application for registration as an Authorized Economic Operator must be at least 3 years. The applicant must also continuously comply with the Sea Customs Act, rules, regulations, orders, instructions, and procedures. The company must publish official financial statements and reports annually from the date of its establishment. The accounting records and business-related financial information must be maintained for seven years. There must be a good record-keeping system and an effective internal control system which is acceptable to the Customs Department in maintaining financial matters, business records, systems, processes, and any issues related to the Customs service agent.
All taxes and duties imposed by the Customs Department, as well as any other taxes payable to the State, must be paid on time. The applicant must be financially sound. Before applying as an Authorized Economic Operator and before the issuance of the recognition certificate, the applicant must have no record of Customs-related offences or penalties within the past three years, must not be blacklisted, must accurately declare import and export transactions, and must have no record of economic misconduct or fraud. If prior notice is given for inspection when required, it must be possible to undergo inspection at any location.
The benefits available to an Authorized Economic Operator include the right to process Customs declarations with priority status, the right to pre-file import and export declarations before the arrival of goods, the right to obtain customs clearance without inspecting the documents or goods (except in cases involving potential risks for preventing illegal imports or exports), the right to receive priority inspection when required, the right to obtain customs services related to goods at the importer or exporter’s premises or other locations permitted by the Customs Department, the right to operate under the Deferred Duty Payment System within one month, as outlined in Section 41 of the Sea Customs Act, the right to receive the Customs Department’s recognition certificate and display the recognized logo as per requirements, and the right to enquire about Customs procedures with the Customs Department and the Authorized Economic Operators Division.
Therefore, I urge all economic operators throughout Myanmar to cease engaging in illegal trade and apply for a certificate of recognition as an Authorized Economic Operator, which offers the benefits of legal trade. This will allow them to follow the right path of legal trade and operate as “Authorized Economic Operators”.

Source: The Global New Light of Myanmar