Car dealers will be granted a two-month extension to their import licenses, a senior official of the Ministry of Commerce said.
“We are working on a plan that allows the licenses to be extended for up to two months as most car dealers have stopped selling cars because of the COVID 19 crisis,” the official said.
Import licenses are renewed every three months. The Ministry of Commerce typically allows one-month extensions for a maximum of two times.
“Now, it is allowing a two-month extension instead of. But we are not sure how many times they will allow this extension,” said U Aung Win, chair of the Myanmar Automotive Association.
U Yan Myo Aung, an authorised agent for Borgward vehicles applauded the move, as “many are unable to import cars at this time due to the drop in demand.”