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Myanmar: New industrial law drawn up ahead of AEC
Myanmar: New industrial law drawn up ahead of AEC
Thursday, 21 July 2016 – An industrial policy to bring Myanmar into the 21st century will be presented to parliament, with the aim of updating the law to equip the country to better compete in the ASEAN Economic Community.
Ministry of Industry assistant secretary U Myo Zarni Win told The Myanmar Times that the new law would support, protect and promote the country’s industries by amending existing legislation that is now out of date.
“Existing laws specify investment levels, the size of the labour force, electricity supply and so on in ways that are no longer appropriate for the modern age. We have presented a revised and updated law to the hluttaw,” he said. Read More?