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Myanmar gets less customs duties in



Myanmar gets less customs duties income 

Xinhua, Yangon, 18 October 1999. Myanmar gained a total of only 389 million
U.S. 
dollars in customs duties in the first half of this year, 46.34 percent
less than
the 725 million dollars it obtained in the same period of last year, according
to the latest figures released by the country's Central Statistical
Organization. 
Of the total customs duties income, that obtained from import through
normal trade 
amounted to as high as 339 million dollars, accounting for 87.14 percent of
the total, 
while that gained from import through border trade was only 46.33 million
dollars, 
accounting for 11.9 percent. The figures also show that in 1998, Myanmar
received a total of 1.135 billion dollars of custom duties income, a
reduction of 
10.9 percent compared with 1997 when the figure was 1.274 billion dollars.
In recent years, 
Myanmar has made some adjustments in the rate of customs duties in an
effort to 
boost the development of agriculture. It exempted import duties on
agricultural implements 
including machinery, pesticide and fertilizer while raising import duties
on luxury goods. 


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