Government TPR |
WT/TPR/G/293 |
G-I§4 |
Myanmar |
2014 |
Trade Policy Framework |
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The opportunities for freer trade created by the MTS and these regional trade agreements are also providing an impetus for unilateral market-driven reforms, which will enable Myanmar to take advantage of these opportunities in order to achieve sustained growth and diversify its economy, which is rich in natural resources, but hitherto largely under-developed.
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Government TPR |
WT/TPR/G/293 |
G-IV§36 |
Myanmar |
2014 |
Trade Policy Framework |
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The GOM (Government of Myanmar) is committed to protecting Myanmar's biodiversity, conserving natural forests, greening the 17 mountain ranges in the dry zone, encouraging people to get involved in environmental conservation and management, and extracting natural resources sustainably. (…) Accordingly, the Environmental Conservation Law, enacted on 30 March 2012, provides for the detailed development of environmental rules and regulations, mandatory compliance of environmental impact assessments in development projects, upgrading and standardization of environmental assessments, and joint undertakings with NGOs on broad-based public awareness campaigns. (…)
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Keywords
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Environment
Conservation
Forest
Natural resources
Bio
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Government TPR |
WT/TPR/G/293 |
G-IV§36 |
Myanmar |
2014 |
Trade Policy Framework |
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Relevant information
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(…) The GOM (Government of Myanmar) also attaches the highest importance to its commitment to international cooperation on climate change, while adopting new technologies for bio-diesel and other clean energy as well as actively educating the public about sustainable development. (…)
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Keywords
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Climate
Bio
Clean
Energy
Sustainable
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Government TPR |
WT/TPR/G/293 |
G-IV§36 |
Myanmar |
2014 |
Trade Policy Framework |
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(…) The Foreign Investment Law also contains social and environmental protection provisions.
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Government TPR |
WT/TPR/G/293 |
G-V§18 |
Myanmar |
2014 |
Trade Policy Framework |
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Accordingly, the GOM (Government of Myanmar) attaches the highest priority to drawing up the necessary procedures as well as environmental and social guidelines for foreign investment in accordance with the new Foreign Investment Law (FIL) promulgated in November 2012. (…)
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Secretariat TPR |
WT/TPR/S/293/REV.1 |
S-II§48 |
Myanmar |
2014 |
Trade Policy Framework |
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Relevant information
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Under the new FIL (Foreign Investment Law), foreign investment is to be approved if it: supports the objectives of the national development plan, activities lacking money and technology, and those still not exercisable by the citizens; develops job opportunities; promotes and expands exports; produces import substitution goods; facilitates technology development; supports projects requiring large investment; encourages energy saving, and the exploration and extraction of new energy, as well as sustainable energy development (such as new bio-based energy); develops modern industry; conserves the environment; (…) and meets the short- and long-term domestic utilization of state energy resources.
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Keywords
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Energy
Sustainable
Bio
Conservation
Environment
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Government TPR |
WT/TPR/G/293 |
G-V§20 |
Myanmar |
2014 |
Trade Policy Framework |
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Relevant information
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The two new laws (FIL - Foreign Investment Law and CIL - Citizens' Investment Law), which were closely scrutinized by Parliament, envisage not only wide range of activities where foreign investment can involve 100% equity ownership, but also lower and non-discriminatory minimum capital requirements, tax incentives (especially tax holidays), longer leasing of real estate, and vigorous standards for environmental and social protection.
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Secretariat TPR |
WT/TPR/S/293/REV.1 |
S-II§33 |
Myanmar |
2014 |
Trade Policy Framework |
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The Greater Mekong Sub-region (GMS) programme appears to have aided integration within the region. In 1992, Myanmar, together with Cambodia, Lao PDR, Thailand, Viet Nam, and Yunnan Province of China , launched a programme of sub-regional economic cooperation, to enhance economic linkages across their borders. The GMS programme covers nine priority sectors: transport, energy, telecommunications, environment, human resource development, tourism, trade, private sector investment, and agriculture. (…)
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Keywords
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Secretariat TPR |
WT/TPR/S/293/REV.1 |
S-II§43 |
Myanmar |
2014 |
Trade Policy Framework |
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Relevant information
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The previous law of 1989 adopted a "positive list" approach where foreign investors were allowed to invest only in listed sectors. The new law lists certain activities that are restricted or prohibited to foreign investment (Article 4), including:
a. businesses that can affect the traditional culture and customs of the ethnic nationalities of the country, and public health;
b. businesses that can cause damage to the natural environment and ecosystem;
c. importation of hazardous or toxic waste materials;
d. production or use of hazardous chemicals specified in international agreements;
(…)
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Keywords
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Environment
Hazardous
Waste
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Secretariat TPR |
WT/TPR/S/293/REV.1 |
S-II§45 |
Myanmar |
2014 |
Trade Policy Framework |
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Relevant information
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Further, the MIC (Myanmar Investment Commission) Notification No. 1/2013 lists sectors prohibited or restricted for foreign investment (Table 2.5). Restricted businesses include: those carried out by joint ventures with local investors (for the purpose of knowledge sharing), and those requiring certain conditions. These conditions may be attached to implement and meet certain manufacturing practices and standards, to properly use natural resources, or to apply environmental impact assessment.
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Keywords
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Natural resources
Environment
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