Economy

Since 1988, Myanmar has moved from a centrally planned economy to a market oriented economy and has liberalised domestic and exrternal trade, promoted the development of the private sector and been opened up to foreign investment.

In line with the new economic direction, such laws as the Foreign Investment Law, Central Bank of Myanmar Law, Financial Institutions of Myanmar Law, and Myanmar Tourist Law have been enacted and Chambers of Commerce reactivated.

Agriculture remains the main sector of the economy and measures are being taken to increase productivity, promote crop diversification, increase agricultural exports and develop agrobased industries.

Under the new economic policy, Myanmar's rich natural and human resources are being utilized and developed not only by the state sector but also by local and foreign investors. Myanmar is also rich in tourist attractions and there is enormous potential for the tourism industry.