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