Private sector advised to invest in Myanmar


BANGKOK, 7 May 2012 – The Thai Trade Representative (TTR) has encouraged Thai entrepreneurs to invest in Myanmar, who has begun to open its country to foreign investments. 

Thai Trade Representative Chairman Olarn Chaipravat said by the end of June, the TTR will organize a business matching forum for the Burmese and Thai entrepreneurs to discuss business opportunities in Myanmar. He said the TTR led a group of Thai investors to Myanmar at the end of April, saying they have received good response from the Burmese counterparts.

Mr Olarn said that the Myanmar’s government has shown willingness to support Thai investors in all types of investments. He added many Thai companies did not join the business trip to Myanmar last time; therefore, a business matching will be held in June.

The chairman elaborated that after opening up the country to foreign investors Myanmar, which has plenty of resources, is willing to allow foreigners to go in to help develop its nation, adding that Thai businesses will benefit from her cheap labors.