Myanmar to Release New Foreign Investment Law

By Evan Abrams

Myanmar is working with the International Finance Corporation to unveil a new law governing foreign and domestic investment in the country. This is the latest in a series of reforms aimed at improving democratic governance and enhancing economic freedom. According to Shanghai Daily, the Directorate of Investment and Company Administration is inviting comments and feedback on the draft law over the course of the next month. The government is hopeful the new law will encourage foreign investment, which had been severely limited over the past decades due to restrictive economic policies and western sanctions.