Development News Edition
Give Feedback

Myanmar aims to improve bilateral relations with investment protection agreement


Devdiscourse News Desk yangon Last Updated at 09-11-2018 15:26:33 IST Myanmar
Myanmar aims to improve bilateral relations with investment protection agreement
  • (Image Credit: Twitter)

Myanmar has signed agreements on the promotion and protection of investment with 10 countries including India, aimed at enhancing trust among investors and promoting business operation, authorities said on Friday.

Besides India, the other nine countries are the Philippines, Vietnam, China, Japan, Laos, Thailand, Kuwait, Israel and South Korea, reports Xinhua news agency.

Moreover, the authorities were making negotiations with more countries and regions for signing similar bilateral agreements such as Hong Kong, Bangladesh, Mongolia, Russia and Serbia.

According to the figures from the Directorate of Investment and Company Administration (DICA), Myanmar has attracted a total of $5.718 billion foreign direct investment in the last FY 2017-2018.

(With inputs from agencies.)


add banner

LEAVE COMMENT