Burma: Within The Planned Years, The Retail Industry Will Relax Restrictions On Foreign Investment.

< p > setting up rules and regulations for foreign investment entry, although it can play a key role in protecting the local enterprises of a country, but on the other hand, it is not conducive to their development. Meanwhile, the increasing consumption demand in China will also be in conflict.

Recently, relevant departments in Burma indicated that they would plan to relax restrictions on foreign investment in the retail industry.

< /p >

In the report of < p > July 28th, it was learned that < a href= "http:// www.sjfzxm.com/news/index_p.asp" > Burma < /a > the government has finalized the policy of removing restrictions on foreign investment in circulation industry.

Foreign capital will be allowed to open retail stores freely, and at the same time, it can sell imported products which are now only permitted by domestic enterprises in Burma.

The relevant policies are expected to be adopted at the recent cabinet meeting in Burma, and some restrictions will be lifted during the year.

Japan's retail businesses, such as AEON, will have a population of 60 million and Burma will be positioned as a potential market. The above policies may play an important role in promoting Japanese enterprises to enter the Burma market.

< /p >

< p > the senior official of Burma government disclosed the above news.

In the country, the Burma Investment Committee (MIC), which has the right to approve foreign investment, has restricted the field of foreign investment.

The government of Burma will make a comprehensive revision of the relevant notice. It will exclude retail, wholesale, < a href= "http:// www.sjfzxm.com/news/index_s.asp" > trade < /a > warehousing and other industries from restricted objects.

Burma's economic opening will make further progress.

< /p >

< p > at present, overseas enterprises are only allowed to launch business activities through agencies and chain stores (FC), while local businesses monopolize circulation business.

The Burma government has previously allowed foreign investors to enter a href= "http:// www.sjfzxm.com/news/index_s.asp" and retail trade < /a > after shopping in 2015 (SC) and other large-scale stores. However, detailed restrictions have been placed on the opening area and investment volume.

< /p >

< p > if the relaxation restrictions can be realized, foreign convenience stores and catering industry will be free to open shops.

With the lifting of trade embargo, purchases from outside Burma will also become more flexible.

For Japanese enterprises expanding their businesses throughout Southeast Asia, it will be easier to introduce goods that are developed and purchased in other countries to Burma.

< /p >

Besides P, according to recent reports, Burma's Ministry of Health said that foreign investors would be able to invest in private hospitals, clinics and laboratories with Burma institutions.

This measure will change Burma's long-standing investment restrictions on foreign companies in the field of health care, but this measure will need to wait until foreign investment regulations are adjusted accordingly.

The various government agencies in Burma are strengthening coordination to complete the revision of the foreign direct investment law as soon as possible, and the corresponding regulatory adjustment is expected to be completed before the end of July.

Foreign investors who plan to enter the medical and health field will have to apply to the Ministry of health of Burma and Burma Investment Committee in the future and get the licenses issued by Burma Investment Committee.

Prior to this, Yangon medical institutions have applied for joint venture with Thailand investors, but they have not yet been approved.

< /p >

< p > it is understood that in the first 5 months of 2014, foreign investment in Burma was the largest logistics sector, with a total investment of US $1 billion 100 million.

The report also said that foreign investment in Burma is still the most energy sector, accounting for 41.43% of Burma's total foreign investment.

< /p >