An enterprise permitted to Foreign Investment Law has to be registered as exporter -importer with the Directorate of Trade under the Ministry of Commerce. Applications for registration may be made for one to three years. On expiry of the validity of registration certificate, it may be renewed on payment of renewal fees. Then, export license can be obtained in conformity with the rules and regulations. In applying for an export license, the applications should attach a sales contract or agreement and/or proforma invoice mentioning detailed specification with regard to grade, quantity, price, name of buyer and country, method of payment, shipment period and the country of destination. An irrevocable Letter of Credit has to be opened at Myanmar Foreign Trade Bank by the buyer through correspondent or acceptable bank. Myanmar products can be exported with the exception of some selected items or restricted items such as teak, rice, etc. However, reserves are to be craned out only by the State. The export of timber in log form was not permitted and only value-added timber finished products are permitted to be exported .

In import license, an irrevocable Letter of Credit (L/C) has to be opened by the importer at the bank. If the purchase is made on F.O.B basis, the importer has to secure insurance from Myanmar Insurance and freight booking from Myanmar Five Star Line. Import license fees are payable on all imports from abroad. License fees must be paid according to the specified rate for import of goods on a consignment basis. Import license fees are payable on the CIF (Yangon ) (Cost Insurance Freight) value of goods imported from abroad .