Trustfully invest in Myanmar to grasp opportunities

FOLLOWING the conclusion of the elections in Myanmar, peace and stability are expected to improve. The two coun­tries are warm and harmonious neighbours, sharing kinship ties and a strategic partnership. Just as Myanmar is a reliable and trustworthy friend to China, China should likewise engage with Myanmar as a dependable and trustworthy partner, fostering close and steadfast investment and cooperation.

 

Myanmar is rich in natural resources, including those aboveground, underground, and in its waters. Geographically, it occupies a strategic and advantageous location. The country also has an abundance of labour resources. Through cross-border trade, both countries have significant opportunities to exchange goods, creating strong potential for mutual economic benefits.

 

At present, there are pros­pects for economic conditions in Myanmar to improve and flourish. Thanks to the coun­try’s leadership—its vision, careful planning, decisive and clear decision-making, strong commitment to national pro­gress, sense of responsibility, and prioritization of national in­terests—favourable conditions have emerged for increased investment and collaboration. Previous concerns and uncer­tainties regarding investment in Myanmar have lessened, creating a conducive environ­ment for reliable partner coun­tries to engage and cooperate confidently.

 

Among the countries in­vesting in Myanmar, China is the second-largest investor. In particular, cross-border trade has been actively facili­tated through border gates in the long, thousands-of-miles shared border areas. However, the activities of armed ethnic groups, which have disrupted stability in these border regions, have negatively affected cross-border trade. Therefore, maintaining peace and stability in the border areas is being prioritized, and all parties must work together collaboratively.

 

Regarding import restrictions and the blocking of Myanmar’s financial resources, Chinese business partners have implemented a system of direct payment in yuan and kyat to facilitate the smooth op­eration of their businesses in Myanmar, including trade, cross-border financial transfers, and investments. Myanmar’s natural resources are not allowed to be exported as raw materials; they can only be exported as processed goods, either fully or partially processed. Permissions are granted for importing necessary raw materials for Chinese-owned manufacturing businesses in Myanmar, for up­grading existing investments, and for providing security protection during investment operations.

 

Therefore, following the completion of the elections, Myanmar’s stability and peace are expected to improve. Various measures will be provided to support foreign investors in Myanmar, including security, guarantees, and facilitation of smooth operations. This will create favourable conditions for investors to confidently carry out business in Myanmar, while the host country will also make efforts to cooperate and support them, allowing Myanmar to be envisioned as a developing and prospering nation.