June 11, 2016

New Myanmar commission to facilitate FDI

Maung Aung, an economist and senior adviser to the Commerce Ministry, welcomed the change, saying that the commission is apparently expanding its role to boost the trade sector. Yet, he said economists should also be appointed to the commission, instead of just political appointees and civil servants.

"It is important to have right people in the right place. I have no doubt that the new MIC is comprised of the right people. But I think adding some economists like Dr.Aung Tun Thet will make the commission perfect. Anyway, the MIC reestablishment will increase foreign investors's trust and confidence. I am sure MIC will work hard to promote FDI as well as local citizens's investment," he said.

Maung Aung believes that the new MIC will take Myanmar's trade policy into serious consideration, as trade and investment are correlated and the key drivers of the nation's growth. He said that efforts to produce value-added products are as important as attempts to attract foreign direct investment (FDI). (Courtesy of elevenmyanmar.com)

No comments:

Post a Comment