Myanmar Industry Articles & Analysis

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How can the government address the trade deficit?

 

With a long-term goal of developing advanced industries, local authorities have been working alongside international agencies and foreign governments in an effort to expand the country’s manufacturing capacity through investments in infrastructure and much-needed power stations.

 

Myanmar’s recent economic growth, low wages and favourable tax exemptions have enticed the arrival of international manufacturers. To support this trend, the government has enacted a range of policies to promote the development of special economic zones (SEZs) and industrial clusters. As a result, manufacturing capacity is on the rise, helping...

Chapter | Industry & Retail from The Report: Myanmar 2018

Myanmar’s recent economic growth, low wages and favourable tax exemptions have spurred the arrival of international manufacturers. To support this trend, the government has enacted a range of policies to promote the development of special economic zones (SEZs) and industrial clusters. Manufacturing capacity is on the rise as a result, helping to diversify the economy away from its traditional...

Occupying a strategic position at the crossroads of India, China and Thailand, and now in its seventh year of sweeping economic liberalisation and political transition, Myanmar remains one of the fastest-growing economies in South-east Asia.

 

The new administration of the National League for Democracy (NLD) has highlighted industrial development as a top priority, evidenced by the recent release of a long-term industrial strategy expected to boost the sector’s GDP contribution to nearly 40% over the next 13 years. Under the plan, new investment in key economic corridors will be...