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Increasing Investment through Legislation

A new report produced by the global publishing, research and consultancy firm Oxford Business Group (OBG) analyses the key role that legislative amendments are playing in supporting Myanmar’s efforts to boost investment.

“The Report: Myanmar 2017” provides indepth coverage of the positive impact that the easing of international sanctions and ongoing liberalisation efforts are having on the country’s trade balance.

There is also detailed analysis of the challenges that Myanmar faces, led by infrastructure shortfalls, following a period of rapid growth that looks set to continue. Other topics explored include Myanmar’s efforts to ease religious and ethnic conflict, which will be pivotal in accelerating regional integration.

The Report: Myanmar 2017” contains contributions from President Htin Kyaw and State Counsellor Aung San Suu Kyi, together with a detailed, sector-by-sector guide for investors.

It also features a wide range of interviews with other high-profile local and international personalities, including: Kyaw Win, Minister of Planning and Finance; Mark Garnier, Parliamentary Undersecretary, UK Department for International Trade; Le Luong Minh, ASEAN Secretary-General; Vivek Pathak, Director for East Asia and the Pacific, International Finance Corporation; and Sean Turnell, Economic Advisor, National League for Democracy, and Associate Professor, Department of Economics, Macquarie University, among others.

Andrew Jeffreys, OBG’s CEO, said that investors remained bullish on Myanmar, recognising both its potential and the country’s commitment to implementing democratic and market reforms.

“While policy development still has some way to go, the government is moving to implement the legislative and regulatory frameworks needed to support sustainable growth,” he said. “We look forward to documenting the next phase of Myanmar’s economic expansion, as the country’s modernisation and peace-building efforts continue.” OBG’s Managing Editor for Asia Paulius Kuncinas added that new free trade agreements would support Myanmar’s bid to drive up international sales, with a fiveyear plan, released in 2016, forecasting $11.1 billion in exports for the 2016/17 fiscal year.

“With investment also on the rise as economic liberalisation gains momentum, our report confirms that Myanmar is well placed to capitalise on the new era that it has entered after decades of isolation,” he said. “The Report: Myanmar 2017” marks the culmination of almost a year of field research by a team of analysts from Oxford Business Group. The publication assesses trends and developments across the economy, including macroeconomics, infrastructure, banking and other sectoral developments. “The Report: Myanmar 2017” is available in print and online.

Source: Oxford Business Group