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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