In early 2018, the Ministry of Commerce in Myanmar announced that processes for foreign companies which invest in Myanmar’s retailers and wholesaler will be streamlined. As as the country moves its efforts towards increasing foreign investments, steps such as this will be taken to facilitate easier, hassle-free trade for foreign investors. Foreign companies can now directly bring in and sell their products in Myanmar, instead of liaising with the local importers.
The inflow of foreign direct investment would aid in increasing competition in the respective sectors, promoting price stability and technological advancements.
More on this important reform at Nikkei Asian Review
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