Monday, August 14, 2017

US to double investment in Myanmar by 2020

August 13, 2017
US investments into Myanmar could double within three years, said U Aung Naing Oo, the secretary of Myanmar Investment Commission (MIC).

American entrepreneurs are interested in financial services, technology business and precious metals and minerals, the secretary said. MIC expects American investments to increase once Myanmar relaxes more of its protective regulations, U Aung Naing Oo said in Myawady Daily newspaper, yesterday.

Last Friday, officials from Union of Myanmar Federations of Chambers of Commerce and Industry (UMFCCI), the American embassy and the Myanmar Fruit, Flower and Vegetables Producer and Exporter Association met at UMFCCI to discuss potential agricultural exports to America and US technical assistance in agriculture.

Later this month UMFCCI will host a similar delegation from America comprised of American pharmaceutical executives.

American businesses have invested $371 million in Myanmar since 1988, according to MIC.
Ko Htet
Ref; The Global New Light of Myanmar

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