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Economy ▼
Since late 1988, Myanmar has replaced the centrally planned
economy to a more liberalized economic policy based on
market-oriented system. In moving towards a more market
oriented economy, Myanmar has more liberalized domestic and
international trade, promoting the role of private sector
and opening up to foreign investment.
Foreign Investment Law, new Central Bank of Myanmar Law,
Financial Institutions of Myanmar Law, and Myanmar Tourism
Law have been enacted and Chambers of Commerce has been
reactivated.
Myanmar is richly endowed with renewable and non-renewable
energy resources which are being exploited by the State
sector with the participation of local and foreign
investors.
Agriculture remains the main sector of the economy and
measures have been taken to increase productivity,
diversification of crop patterns and revitalization of
agriculture exports.
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