A
Two-day negotiation meeting on the Investment Promotion and Protection
Agreement (IPPA) between Myanmar and Singapore was inaugurated in the Myanmar
Investment Commission (MIC) Office, Yangon, on 9 and 10 July, according to
recent information from the MIC.
The
agreement aims to minimise investment barriers, facilitate investments, and
create more opportunities for Singapore expatriate workers in Myanmar as well
as people from Myanmar working in Singapore. Also, IPPA would govern the labour
exchange between the two nations and protect investors in both countries from
government-imposed work stoppage or confiscations.
Eleven
countries, including China, India, Thailand and Japan, have already entered
into the IPPA with Myanmar.
Singapore’s
investment in Myanmar has reached US$19 billion so far, since the 1988- 1989
fiscal year, according to statistics released by MIC.
Ko
Khant
Ref;
The Global New Light of Myanmar
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