Myanmar signs investment protection agreements with India

Top Stories

»	India’s exports to Australia more than double after bilateral trade pact
»	India IPO market hits highest Q1 since 2018, raises $2.5 billion
»	India’s defence exports surge 62.6 pc to Rs 38,424 crore in FY26, reach over 80 countries
»	Stocks fall, oil prices jumps after Trump's Iran speech
»	Stock markets surge over 2 pc in early trade amid Iran war de-escalation hopes

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.