Vice-Chairman of State Administration Council Deputy Prime Minister Vice-Senior General Soe Win Delivers a Speech at 1/2024 Work Coordination Meeting of Illegal Trade Eradication Steering Committee

The Illegal Trade Eradication Steering Committee held its 1/2024 Work Coordination Meeting at Nyilarkan Hall of the Ministry of Commerce in Nay Pyi Taw on 19 February. The Vice-Chairman of the State Administration Council (SAC) Deputy Prime Minister Vice-Senior General Soe Win, who is in the capacity of the Chairman of the Steering Committee, attended the meeting and delivered a speech as follows:

  • Illegal trade can be financing armed terrorists and harming security measures, and it is necessary to effectively take action against the illegal trade measures.
  • Emphasizing the legal trade extension, the globe faces between approximately 8 and 15 per cent of loss in illegal trade.
  • Investments worth billions of US$ obtained from illegal trade in other illegal businesses can worsen instabilities in businesses of the society, financing the terrorism which poses a threat to the global security.
  • About 60 per cent of the illegal trade is smuggling while 30 per cent of which is carried out by declaring lower prices than actual ones. The remaining 10 per cent is smuggled products that are hidden among products legally traded.
  • Illegal trade may cause corruption and tremendously decline the revenue for the State. Moreover, it may affect the entrepreneurs who conduct trade legally and lose revenue for the State due to insufficient tax.
  • The work coordination meetings were held 13 times including today’s meeting. A total of 424 decisions were adopted in the previous 12 meetings. During the 24-month period after the steering committee was reconstituted, illegal trade and commodities worth some K200.422 billion were seized in 10,395 cases.
  • Regarding the seizures of goods and commodities, the total value of seized goods in 2023 increased by about K70.31 billion, compared with that of 2022. However, it can be seen that illegal trade is still existing in operation.
  • It is obvious that the staff who are assigned at international airports and ports, border trade stations, permanent checkpoints, and the special task forces from region and states including Nay Pyi Taw Council Area have to inspect and take severe actions against the offenders under the law.

After that, Secretary of the Steering Committee Deputy Minister for Commerce U Min Min and directors-general, deputy chairs of the steering committee Union Ministers and officials made sector-wise discussions. After hearing the reports, the Chairman of the Steering Committee, the SAC Vice-Chairman Deputy Prime Minister coordinated the requirements to fulfil the needs presented by the officials.

Also present were union ministers Lt-Gen Yar Pyae, U Win Shein and U Tun Ohn, deputy ministers, Nay Pyi Taw Council member, the Chair of the Revenue Appellate Tribunal, permanent-secretaries, directors-general, association chairs, and officials. Chairs of region/state illegal trade eradication special task forces attended the meeting through video conferencing.   

Source: MWD (20-2-2024)

 

  • Investments worth billions of US$ obtained from illegal trade in other illegal businesses can worsen instabilities in businesses of the society, financing the terrorism which poses a threat to the global security.
  • About 60 per cent of the illegal trade is smuggling while 30 per cent of which is carried out by declaring lower prices than actual ones. The remaining 10 per cent is smuggled products that are hidden among products legally traded.
  • Illegal trade may cause corruption and tremendously decline the revenue for the State. Moreover, it may affect the entrepreneurs who conduct trade legally and lose revenue for the State due to insufficient tax.
  • Regarding the seizures of goods and commodities, the total value of seized goods in 2023 increased by about K70.31 billion, compared with that of 2022. However, it can be seen that illegal trade is still existing in operation.
engdate: 
Wednesday, February 21, 2024 - 09:30
month: 
February, 2024