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Myanmar

EDC Position-highly restricted select programs

EDC's Position

  • Reactive approach to business
  • Open on a highly restricted basis under select programs

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Country At A Glance

Flag of Myanmar
Map of Myanmar

Country Facts

Nominal GDP58.44 Billion USD
Population53.90 Million
Total Trade/GDP49.86%
CurrencyMyanmar Kyat (MMK)
Merchandise Imports from Canada23.80 Million CAD
Main importsConsumer, Intermediate and Capital Goods

Business Environment

Myanmar has undergone considerable effort to liberalize its economy and open up to the outside world. While recent political and economic reforms have led to increased foreign investment, market entry remains a challenge due to an ever-evolving business environment and untested legal framework. Despite these issues, there exists potential across a wide range of sectors for Canadian exporters and investors. While economic and investment sanctions against the country have been suspended by the Canadian Government, some restrictions still exist.

Key Industries

  • Construction & Infrastructure
  • Mining & Metals
  • Oil and Gas
  • Telecom

How we can support your business

Through our representation in Singapore, we provide regional support to Canadian companies planning on or currently doing business in Myanmar.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

Related Information

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