The Association of Southeast Asian Nations (ASEAN) has teamed up withthe Organisation for Economic Cooperation and Development (OECD) tosupport Myanmar renew its investment climate.
According to theASEAN Secretariat, meetings on the issue were held in the French capitalParis from October 15-17 by the OECD’s Investment Committee, theAdvisory Group on Investment and Development and the ASEAN Secretariat.
The conferences reviewed the investment climate in Myanmarcovering investment policies, responsible business conduct, investmentpromotion, taxation, infrastructure and finance and how to promotesustainable investment in agriculture.
Myanmar’s Deputy Ministerof National Planning and Economic Development, Khin Yee San, introducedher country’s efforts to improve the investment climate and reiteratedher government’s commitment to creating a more open environment forinvestors.
Regarding OECD’s recommendations, the Myanmarofficial said her country is working to ease the administrative burdenon investors and simplify the screening process to reduce the amount ofdiscretion of the Myanmar Investment Commission.
She added thatthe country is also reviewing restrictions on foreign investors in somesectors and will issue revisions in coming months in order to supportthe OECD initiatives.
The OECD Investment Policy Review ofMyanmar, which has been undertaken with the support of the ASEANSecretariat, will be finalised in the coming weeks and launched inMyanmar in February 2014.
Seven similar investment reviews ofASEAN member states have been, or are currently being, undertaken inpartnership with the ASEAN Secretariat.
OECD was founded in 1962to stimulate economic progress and world trade. It provides a platformto compared policy experience, seek answers to common problems, identifygood practices and coordinate domestic and international policies ofits members.-VNA
According to theASEAN Secretariat, meetings on the issue were held in the French capitalParis from October 15-17 by the OECD’s Investment Committee, theAdvisory Group on Investment and Development and the ASEAN Secretariat.
The conferences reviewed the investment climate in Myanmarcovering investment policies, responsible business conduct, investmentpromotion, taxation, infrastructure and finance and how to promotesustainable investment in agriculture.
Myanmar’s Deputy Ministerof National Planning and Economic Development, Khin Yee San, introducedher country’s efforts to improve the investment climate and reiteratedher government’s commitment to creating a more open environment forinvestors.
Regarding OECD’s recommendations, the Myanmarofficial said her country is working to ease the administrative burdenon investors and simplify the screening process to reduce the amount ofdiscretion of the Myanmar Investment Commission.
She added thatthe country is also reviewing restrictions on foreign investors in somesectors and will issue revisions in coming months in order to supportthe OECD initiatives.
The OECD Investment Policy Review ofMyanmar, which has been undertaken with the support of the ASEANSecretariat, will be finalised in the coming weeks and launched inMyanmar in February 2014.
Seven similar investment reviews ofASEAN member states have been, or are currently being, undertaken inpartnership with the ASEAN Secretariat.
OECD was founded in 1962to stimulate economic progress and world trade. It provides a platformto compared policy experience, seek answers to common problems, identifygood practices and coordinate domestic and international policies ofits members.-VNA
