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Myanmar signs investment protection agreements with India
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SME Times News Bureau | 09 Nov, 2018
Myanmar has signed agreements on the promotion and protection of
investment with 10 countries including India, aimed at enhancing trust
among investors and promoting business operation, authorities said on
Friday.
Besides India, the other nine countries are the
Philippines, Vietnam, China, Japan, Laos, Thailand, Kuwait, Israel and
South Korea, reports Xinhua news agency.
Moreover, the
authorities were making negotiations with more countries and regions for
signing similar bilateral agreements such as Hong Kong, Bangladesh,
Mongolia, Russia and Serbia.
According to the figures from the
Directorate of Investment and Company Administration (DICA), Myanmar has
attracted a total of $5.718 billion foreign direct investment in the
last FY 2017-2018.
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