The Ministry of Industry and Trade’s Agency of Foreign Trade has warned domestic enterprises to take caution when exporting pepper to Myanmar after a local company was added into the list of importers under close watch by the Myanmar Customs.
Hanoi (VNA) – The Ministry of Industry andTrade’s Agency of Foreign Trade has warned domestic enterprises to take cautionwhen exporting pepper to Myanmar after a local company was added into the listof importers under close watch by the Myanmar Customs.
The company is named Ngwe Galon Min Co., Ltd and addressedat No.446/447, Konzedan street, Thein Gyi Zay (A) Yone, Pabedan Tsp, Yangon.
Under the Myanmar law, imports that fail to pass customsclearance within 60 days since arriving at a local port will be put up forauction and added to the public property.
According to the Vietnam Trade Office in Myanmar, thecompany refused to receive Vietnamese pepper due to their falling prices at thetime of delivery.
The agency advised firms to actively grasp information aboutfree trade agreements, especially those regarding tax incentives, qualityrequirements and rules of goods origin.
It also encouraged businesses to adopt modern technology toraise the rate of white pepper for export to 20 percent by 2020 and 50 percentby 2030./.
Pepper growers in Gia Lai province are developing pepper plants from Sri Lanka, instead of local varieties, however some agricultural experts are wary of its development potential.
Vietnam raked in 138.8 million USD from exporting nearly 36,000 tonnes of pepper in the first two months of 2018, posting a year-on-year increase of 127 percent in volume and 23.7 percent in turnover.
Vietnamese farmers and businesses are worrying as pepper export revenue is expected to drop to under 1 billion USD in 2018 for the first time after four years despite strong increases in shipments.
Vietnam’s pepper sector is facing a range of difficulties due to the oversupply and the fierce competition in the global market, resulting in low prices, according to the Ministry of Agriculture and Rural Development (MARD).
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Illustrative image (Photo: VNA) 
