Import and export of goods with Myanmar — a bilingual EN/RU contract in 15 minutes. Settlements in USD, natural gas and teak
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with a partner from Myanmar
Import natural gas, teak wood, rice, seafood, and jade from Myanmar.
Export petroleum products, metals, fertilizers, and industrial equipment.
A contract for services from Myanmar companies: resource extraction, construction.
A services contract for clients from Myanmar: energy.
Key terms to reflect in the contract with Myanmar
The US and EU have imposed sanctions on a number of Myanmar companies and sectors since 2021. Russian companies operate under Russian law, but correspondent banks may refuse payment. Agree on the settlement route in advance.
Western sanctions · complianceThe official currency is the kyat (MMK). Agree on the settlement route with your bank before signing the contract.
MMK · USDMyanmar is not a party to the CISG, but the contract from the builder is governed by Russian law, with disputes referred to the ICAC at the Russian Chamber of Commerce and Industry. Russia is a party without an Article 95 reservation, so the Convention applies to the sale of goods as part of Russian law (Art. 1(1)(b)) unless the parties exclude it.
CISG · Russian lawThe mandatory crediting of foreign currency proceeds is set by Presidential Decrees No. 79 and No. 430, and the bank needs settlement deadlines in the contract for registration. For non-standard settlement arrangements, consult your authorized bank.
173-FZ · special regimeAnswers on drawing up a contract with a company from Myanmar
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
Company Registration Number via DICA (myco.dica.gov.mm). The contract should state the company name, registration number, and address.
Agree on the settlement route with your bank in advance.
Myanmar has not acceded to the CISG. The contract from the builder is governed by Russian law, with disputes referred to the ICAC at the Russian Chamber of Commerce and Industry; the CISG applies to the sale of goods as part of Russian law (Art. 1(1)(b)) unless the parties exclude it.
Yangon port is the main seaport.