Myanmar is the largest country in mainland Southeast Asia and has – beyond its domestic market of more than 50 million citizens – direct access to China, India, ASEAN and other international markets through ports along the Bay of Bengal and Andaman Sea.
After decades of international isolation prevented the modernisation and expansion of infrastructural networks, the Myanmar government is prioritising the establishment of efficient national and international supply chains for future economic growth – particularly in terms of power infrastructure, road, rail, air and ports.
LOCATION AND CONNECTIVITY
Myanmar is the largest country in mainland Southeast Asia and has – beyond its domestic market of more than 50 million citizens – direct access to China, India, ASEAN and other international markets through ports along the Bay of Bengal and Andaman Sea.
After decades of international isolation prevented the modernisation and expansion of infrastructural networks, the Myanmar government is prioritising the establishment of efficient national and international supply chains for future economic growth – particularly in terms of power infrastructure, road, rail, air and ports.
GOVERNMENT REFORMS
Myanmar is undergoing a fundamental political and economic transformation to a democratic and peaceful nation state. A National Comprehensive Development Plan has been formulated to identify policy directions for country-wide sustainable economic development based on international best practices to alleviate poverty in the country. As a least developed country, Myanmar is also has preferential tariff arrangements in place – to facilitate access of the country to major international markets.
The Government of Myanmar is highly committed to encouraging investments with a positive impact on society and environment. Investment activities in certain sectors are therefore prohibited or restricted – or may require specific approvals, processes, joint venturing or Environmental and Social Impact Assessments to avoid adverse impacts on communities and their livelihoods, the environment as well as the progress in peace and national reconciliation.
