Description:
Abstract: "Foreign
Direct
Investment
is
one
of
the
main
factors
to
improve
trade
in
each
and
every
country
to
boost
its
economy.
The
Union
of
Myanmar
government
announced
the
Foreign
Direct
In
vestment
Law
in
2011.
Then
the
new
law
was
enacted
on
2nd
November
2012.
It
includes
a
lot
of
business
which
are
"restricted
or
prohibited"
items
such
as
timber,
forests,
oil
and
gas,
jade,
pearls
and
precious
stones,
post
and
telecom,
air
and
railway
transport,
banks,
insurance,
mining,
power
generation,
defense
related
manufacturing.
Those
items
are
allowed
on
a
case
by
case
in
doing
joint
venture
or
production
sharing
contracts.
In
Myanmar,
there
are
some
barriers
which
have
been
found
in
most
of
the
Least
Development
Countries.
And
there
are
many
favourable
conditions
to
invest
in
Myanmar
such
as
intrinsic
strength,
favourable
location
and
international
support.
To
achieve
a
step
change
in
FDI
and
get
closer
to
meeting
the
economy?s
largest
need
for
investment,
as
well
as
to
contribute
to
diversely
the
sectors
to
which
FDI
goes,
Myanmar
needs
to
prioritise
two
main
areas:
developing
a
targeted
FDI
strategy
led
by
a
high
performing
agency
and
improving
Myanmar?s
business
environment.".....Paper delivered at the International Conference on Burma/Myanmar Studies: Burma/Myanmar in Transition: Connectivity, Changes and Challenges: University Academic Service Centre (UNISERV), Chiang Mai University, Thailand, 24-26 July 2015.
Source/publisher:
International Conference on Burma/Myanmar Studies: Burma/Myanmar in Transition: Connectivity, Changes and Challenges: University Academic Service Centre (UNISERV), Chiang Mai University, Thailand, 24-26 July 2015
Date of Publication:
2015-07-26
Date of entry:
2015-09-06
Grouping:
- Individual Documents
Category:
Language:
English
Local URL:
Format:
pdf
Size:
199.3 KB