On 7 May 2025, the Ministry of Planning and Finance issued Notification No. 29/2025 (“Notification 29/2025”) implementing Myanmar’s Tariff Reduction Schedule under the Regional Comprehensive Economic Partnership (“RCEP”) Agreement based on the HS 2017 version. This notification became effective immediately upon issuance.
The RCEP is the largest Free Trade Agreement in the Asia-Pacific region, encompassing 15 member countries. The RCEP Agreement was signed on 15 November 2020 and came into force in Myanmar on 1 January 2022.
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