Doing Business in Myanmar
EENI - Business School.
Subject (Course): International Trade and Business in Myanmar (Burma). Syllabus:
- Introduction to the Union of Myanmar (Burma) -
South-east Asia ASEAN.
- Aung San Suu Kyi Nobel Peace Prize
- Burmese economy.
- Doing Business in Yangon
- Burma’s international trade.
- Port of Yangon.
- Foreign Direct Investment (FDI) in Myanmar.
- Case Study:
- Myanmar Brewery.
- Mobilemate Telecommunications.
- Access to the Burmese market
- Business Plan for Myanmar
Purposes of the subject “Doing Business in the Union of Myanmar”:
- To analyse the Burmese economy and foreign trade
- To evaluate business opportunities in the Union of Myanmar
- To explore Myanmar's trade relations with the student's country
- To know Myanmar's Free Trade Agreements (FTAs)
- To examine the profile of Burmese companies
- To develop a business plan for the Burmese market
Sample of the subject - Business in Myanmar:
Subject Description: Foreign Trade and Business in Myanmar (Burma).
The Union of Myanmar (Asia):
- Borders of the Republic of the Union of Myanmar: China, Laos, Thailand, Bangladesh, and the Republic of India.
- Capital of Burma is Naypyidaw
- The largest City: Yangon (Rangoon).
- Burmese is the official language (32 million speakers).
- 68% of the population are Burmese
- Burmese population: 51.4 millions of people
- Area: 676,578 square kilometres
- Type of Government: Unitary Parliamentary Republic
- Independence: 1948 (United Kingdom)
- The main religion of Burma: Theravada Buddhism (89% of the Burmese population - 60 millions of people).
- Christianity is the second religion (7%). 1
million of Baptists
Burma belongs to the Buddhist Civilisation
- The Government controlled activity prevails in the strategic sector of the economy of Burma: energy, heavy industry, and international trade of rice International (control local rice prices, constrict exports).
- Military commercial entities dominate economy.
- Republic of the Union of Myanmar is rich in resources (hardwood timber, natural gas, fishery reserves, gems, and jade)
- The agricultural (agriculture, livestock, fisheries, and forestry)
sector represent the 50% of Burmese gross domestic product.
- In recent years, the Union of Myanmar has liberalised local and international trade, promoting the private sector and opening the country to
foreign direct investment (FDI).
- Burmese Currency: Kyat (K) (MMK)
International Trade of Burma.
- Exports of rice of Burma hit a record
- The main Burmese export products of Myanmar: natural gas (38%), export agricultural products (18%), precious stones, timber and forest products, and marine products.
- The largest export markets of Myanmar: Thailand (40%), Singapore (13%), Hong Kong and India (11%), the People's Republic of China
(8%), and Malaysia
- The main imports products of Myanmar: petroleum, textiles, machinery parts, steel, iron, and bars
- Major Burmese import markets of Myanmar: Singapore (30%), the People's Republic of China
(18%), the Bahamas (13%), Thailand, and Japan
- Port of Yangon is the largest port in the Republic of the Union of Myanmar (90 % of the foreign trade -exports and imports-).
The Republic of the Union of Myanmar has Trade Agreements and or preferential market access to:
- Association of South-East Asian Nations (ASEAN)
- China-Burma (ASEAN)
- Mekong Economic Cooperation Strategy (ACMECS)
- Bay of Bengal Initiative (BIMSTEC)
- Asian Clearing Union (ACU)
- The European Union Generalised System of Preferences (GSP)
- Trade Agreements with Bangladesh, Israel, and Sri Lanka
Myanmar is a member of:
- Greater Mekong Subregion (GMS)
- Economic and Social Commission for Asia and the Pacific (ESCAP)
- Asian Development Bank