November 30, 2015

Aust business nous could boost Myanmar

MACQUARIE University academic Sean Turnell, an informal advisor to the NLD leadership, says agricultural reform will be a key priority once the government takes power early next year.

"Australia has a real lot to contribute now. In a sense Australia's greatest expertise is agriculture (and) agriculture is likely to be a real priority," Turnell told AAP.

"One could imagine Australian advice on that front could become quite significant," he said.

Some 70 per cent of Myanmar's 54 million population still make a living from the rural sector.

Many face high levels of debt. But as part of reforms Myanmar's agriculture bank will be able to provide more credit in the rural sector.

Australia has assisted Myanmar in the drafting of a new mining law, but the legislation has remained bogged down in the parliament.

Turnell expects the legislation to pass once the new government is in place. (Courtesy of TheAustralian)

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