Country Information Export Development Canada Asia and Pacific


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Evaluating the market in Myanmar

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position – Open on highly restricted basis

Open on highly restricted basis

What this means:

  • Reactive approach to business
  • EDC solutions are available on a highly restricted basis
How does EDC determine the position?

Risk Rating

EDC Country Position – Medium to High Risk

Medium to High Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Myanmar

The democratically elected government in Myanmar is taking steps towards national reconcilliation, however, the military still maintains significant power and influence within the country. Since opening up to the outside world in 2011, Myanmar has undertaken considerable effort to liberalize its economy. While political and eocnomic reforms have led to increased foreign investment, market entry remains a challenge due to an everevolving business environment and untested legal framework. Despite these issues, there exists potential across a wide range of sectors for Canadian exporters and investors. Most economic and investment sanctions imposed by the Canadian Government were suspended in April 2012 however some restrictions still exist and companies are encouraged to conduct appropriate due dilligence prior to entering the market. 
  • Construction & Infrastructure
  • Oil and Gas
  • Telecom
International Trade Solutions

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC