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Golden Opportunities in the Golden Land,[object Object],Myanmar,[object Object],Union of Myanmar Federation of Chambers of Commerce and Industry,[object Object],29, Min Ye KyawSwar Road, Lanmadaw Township, Yangon Tel  :  95-1-214344-9, Fax  :  95-1-214484,[object Object],Myanmar Business Network  www.myanmar-business.org,[object Object],Tokyo, Japan Tel: +818031916197  evi@myanmar-business.org,[object Object]
Background,[object Object],Myanmar is the largest country on  mainland South-East Asia with a total land area of 676,577 sq.km ,[object Object],Total coastline is 2,832 km. ,[object Object],[object Object]
Bangladesh and India on the north-west,
China on the north-east and;
Laos and Thailand on the south-east.
Dynamic crossroad linking South East Asia, Western China (Yunnan) and the Indian sub-continent
Economic gateway to a potential vast market of over two billion consumers as well as sub-regional economic nodal link.
Population around 56 Million,[object Object]
ECONOMIC HISTORY OF MYANMAR,[object Object],Market Economic ,[object Object],				  System,[object Object],                                   1948 to 1962,[object Object],                            The development of,[object Object],                        private sector In Myanmar,[object Object],Socialist Economic                                         Market-Oriented ,[object Object],      System                                                      Economic System,[object Object],  1962 to 1988                                                   1988 to date,[object Object]
JAPAN-MYANMARRELATIONSHIP,[object Object]
Trade Patterns and Trends,[object Object],Myanmar's foreign trade is mainly with Asian countries. ,[object Object],More than 70% of total export goes to the Asian region and about 90% of total import comes from this region.,[object Object],Myanmar foreign trade is mainly with China, Singapore, Japan, Thailand, Malaysia and India, who are its main trading partners.,[object Object],Myanmar attaches great importance for further developing and strengthening trade with Asian countries.,[object Object],Like most developing countries, Myanmar is still an exporter of agricultural and other primary products. ,[object Object],The country's imports consist largely of manufactured goods, particularly capital goods.,[object Object],Myanmar is an original signatory of GATT and a member of the WTO. ,[object Object]
Export Structure of Myanmar,[object Object],Myanmar gives top priority for the development of agriculture .,[object Object],Increasing and diversifying exports, and improving the quality of exports products, are among the main objectives of the export promotion policy.,[object Object],Major export items are agricultural products including rice and rice products, pulses, maize, raw rubber, marine products, timber, base metal and ores, precious and semi-precious minerals.,[object Object]
Import Structure of Myanmar,[object Object],The import policy of Myanmar is to give priority to capital goods, industrial raw materials and spare parts and other essential items,[object Object],The government has urged the public and private entrepreneurs to import commodities that will contribute to infra-structural development and production sectors.,[object Object]
Myanmar’s Border Trade,[object Object],The policy of the Government is to further develop and strengthen the bilateral trade relations with the five neighbouring countries, Bangladesh, China, Laos, India and Thailand using border trade as a mechanism for trade expansion,[object Object],It is evident that border trade plays an important part in a country’s economy through contribution to the national GDP.,[object Object],It provides employment to the lesser developed cities and towns and thus improves the quality of life in these regions.,[object Object],Geographically, Myanmar is a gateway to the east, north, and west and can be a central hub for exchange of goods, services and technology.,[object Object],Increased border trade not only contributes on a bilateral level but also brings together regional economic blocks such as ASEAN, ACMECS, BIMSTEC and GMS- BF.,[object Object]
Foreign Investment in Myanmar,[object Object],The Union of Myanmar Foreign Investment Law was promulgated in November 1988. ,[object Object],The leading sectors are oil and gas, manufacturing, hotel and tourism, real estate and mining sectors. ,[object Object],The leading investors are Thailand, United Kingdom, Singapore, Malaysia and the Hong Kong.,[object Object]
TRADE AND INVESTMENT OPPORTUNITIES IN MYANMAR,[object Object],[object Object]
The followings are the potential investment areas :
Labor intensive industries ( Garment .. etc: )
Food processing industries
Supporting industries for the heavy machineries
Assembly firms
Electronic and Electronic components manufacturing
Contract farming
Establishment of Seed firms
Oil and Gas exploration
Research and Development firms
Mining,[object Object]
Investment Incentives,[object Object]
Guarantees,[object Object],The FIL provides an irrevocable state guarantee that an enterprise permitted by MIC under the FIL shall not be nationalized during the permitted    period  or the extended period ( if any ).,[object Object],It also provider repatriation of profit (after all deduction of all the taxes and the prescribed funds) as well as legitimate balance of salary and lawful income of foreign personnel (after payment of living expenses and taxes).,[object Object],In the case of termination or dissolution of the business, repatriation of foreign capital can also be allowed.,[object Object]
Foreign Investment in Myanmar by sector ( 31/10/2009),[object Object]

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Business Opportunities in Myanmar