Additional exports included in land border earnings repatriation programme

Trade Department under the Ministry of Commerce added more commodity items to the export earnings repatriation programme at land borders, in which only 25 per cent of export earnings must be deposited into authorized banks as per the CBM’s set exchange rate, and exporters can keep the remaining, according to export-import news bulletin 6/2024 released on 30 October.
According to the Foreign Exchange Supervisory Committee’s meetings 66/2022, 16/2023, and 49/2023, 25 per cent of export earnings of eight commodities that are exported through seaborne and border trade channels must be repatriated.
The commodities include various pulses (black gram, pigeon pea, green gram, chickpea), oil crops (peanut, sesame), maize, rubber, fisheries (various fish, shrimp, crab, eel), livestock products (live cattle, live goat, buffalo hides, goat hides, frozen meat and dried meat), rice and broken rice, and sugarcane. This time, seven more commodities, including various pulses, garlic & onion, fruits and vegetables, rattan, cotton, metal and ores and other minerals, were added to that list for border export. Export earnings of those items will be converted into kyat according to the CBM’s rules from 1 November 2024, the Trade Department stated. — NN/KK