About MSTIP
-
The rapid expansion of Trade in Services provides a major opportunity for the developing countries including Myanmar. Services have a dual role in the Myanmar's economy. First, an efficient services market is essential to enhance a country's competitiveness by supporting other export sectors. For Myanmar, services are a vital factor in other exports, such as manufacturing (e.g., garments and electronics), agriculture and fisheries. Second, services trade can help the country to overcome supply-side constraints such as limited access to finance, lengthy and costly transport, and weak digital connectivity.
-
The Government of the Republic of the Union of Myanmar through the Ministry of Commerce (MOC) has received a grant as part of its participation in the Enhanced Integrated Framework, to lead the implementation of the Myanmar - Services Trade Enhancement Project (M-STEP). The overall project responsibility lies with the Department of Trade (DoT), Ministry of Commerce.
-
The M-STEP project seeks to achieve:
(1) increased export of services and employment opportunities facilitated by conducive and business-oriented regulations;
(2) identification of key barriers;
(3) better trade in services negotiations outcomes.
- With the view to achieve the above objectives, Ministry of Commerce (MoC) is implementing the component - Myanmar Services Trade and Investment Portal (MSTIP) on services enhancement in Myanmar, with a focus on digital innovation and e-commerce.
- MSTIP is aiming to:
-
Develop a dialogue platform between the stakeholders through the trade portal in coordination with the MoC;
-
Build up database of collected laws, regulations, procedures and administrative forms, international and regional agreements including its annexes;
-
Group the services and investment sectors basing on UN/ ASEAN CPC and ISIC;
-
Updating the information in sustainable manner and maintain the portal;