British Expertise International will be leading an infrastructure services mission to Myanmar in December, focusing specifically on infrastructure services.
On October 22nd, Aung San Suu Kyi, Myanmar’s State Counsellor, made a pitch to international investors, promising a clearer legal framework and opportunities in untapped economic sectors. When Suu Kyi visited Washington in September, President Obama announced his intention to remove economic sanctions, and Suu Kyi quickly followed with a push to pass foreign investment law and other necessary regulations, which is raising interest in terms of FDI.
Myanmar’s progressive new government is now approving a suite of new (business friendly) laws, including a new Investment Law, Companies Law, Arbitration Law, Public Financial Management Law, Financial Institutions Law, Securities Exchange Law, Environmental Conservation Law/EIA Procedures, Insolvency Law, and more.
Japan continues to be a strategic investor in Myanmar, and the engagement of Japanese companies is showing strong returns. However, the UK remains a trusted advisor to the new government and to local businesses, and the opportunity for strengthened links and new partnerships is evident. The BEI Infrastructure Services Mission to Myanmar will include time with Japan International Cooperation Agency (JICA), local and regional governments, and 6 national ministries.
The mission will also coincide with two workshops being carried out by BEI, which will conclude their recent work in the region focused on identifying gaps in current capabilities, and how the UK can assist in filling these gaps.