Myanmar

Cover facilities are available on a case-by-case basis.
A restrictive approach is adopted to cover for goods in transit or other foreign goods except for subcontracted supplies.

Cover facilities are available on a case-by-case basis. In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.

For transactions with private buyers bank security is required if the foreign buyer’s/debtor’s creditworthiness is inadequate and for transactions with public buyers a state guarantee (ministry of finance or central bank) is always required.

The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.

Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties and international projects and tenders can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).