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SURF THE AEC
SURF THE AEC

Myanmar:

Myanmar is a potential market for
Thai products. Not only that, it is a

gateway to India. Therefore, it is a
market that should not be overlooked Treasure Close to Home
by Thai exporters.

The Economy of Myanmar Prominent Economic Policy
Myanmar witnessed a significant economic improvement Under the 2016 Investment Law, Myanmar recently opened its door for
between 2011-2017, during which economic growth jumped foreign investor to put capitals in educational institutions of every level from
from less than 6% to 7.2%. The growth is largely driven by the fundamental level, technical college, vocational school, to higher education
demand for the country’s abundantly rich natural resources and institution and private school. The move creates a great opportunity for the
cheap labor, which have propelled streams of foreign direct Thai private sector to expand its business into Myanmar. In long term, this
investments in energy, clothing, information technology, food should benefit the connection of supply chain between the two countries as
and beverage. The government led by Aung San Suu Kyi is also their education curricular go hand in hand since Myanmar is looking to build
targeting to increase agricultural yielding with modern technology a foundation for its education system for the future.
and land reforms to benefit the poor, and at the same time,
liberalizing the financial sector and develop infrastructure in Exports of Myanmar
transportation and power grid. There is also an attempt to In April 2018, Myanmar’s export accounted for USD 588.67 million, increasing
improve transparency in mining and petroleum by issuing 42.44% comparing to the same period in the previous year. Prominent
Extractive Industries Transparency Initiative (EITI) in 2016 and exports include natural gas, wood and wood products, meat products,
2018.
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