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Investment Policy Of Myanmar Essay

1522 Words7 Pages

1B 5085
Policy Briefing Memo on the Foreign Investment Policy of Myanmar
Introduction
Myanmar is a developing country. Since 2011, the new democratic government, President U Thein Sein government, tried to develop in all sectors by making reforms. To get the quick-win in the country's economic growth, the government enacted and amended the foreign investment policy. Moreover, the government did the enacting and amending the dozens of laws during the short terms, many liberalizations are taken in various sectors such as financial, tax, investment, land and trading etc. And Myanmar is recognized to be the last target for investment in Asia because of its strategic location, natural resources and working force.
Background
In the last two decades, …show more content…

(2016) (p-317) The foreign investment policy used the laws as the authority tools and related to the other policy areas including investment, finance, trade, human resource development, and public sector administration. And the main instruments used in the Foreign Investment policy of Myanmar are the Laws, Rules, Regulations, and notifications of respective ministries with the approval of the Union Hluttaw, most of which are aimed to attract and to protect the foreign investor with equal opportunities to the citizens. (Myanmar constitution, …show more content…

Enacting the new FIL, SEZ and rules for FIL, doing the procedure with clear and transparent processes, restructure and refreshing the organization of MIC and DICA are the attraction for foreign investors. By doing that the economic growth of Myanmar will be increased in the future year after year.

Reference
The Republic of the Union of Myanmar. (2008). Constitution of the Republic of the Union of Myanmar.
Myanmar Investment Commission. (2012) Foreign Invsetment Law
Win, Than Tun, Foreign Investment Policy and Procedures. Retrieved from http://www.embassyofmyanmar.be/business%20info/investmentpolicy.htm
Oo, Aung Naing, D.G., The New Investment Regulations and procedures. [Presentation].
Thomas A Birkland. (2016) An Introduction to the Policy Process: Theories, Concepts, and Models of Public Policy Making.
OECD (2014), OECD Investment Policy Reviews: Myanmar 2014, OECD Publishing. Retrieved from http://dx.doi.org/10.1787/9789264206441-en
JICA, Project basic information. Retrieved from http://gwweb.jica.go.jp/km/ ProjectView.nsf/ 4f3700b697729bb649256bf300087d02/

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