Market Profile

Over the past four years, the Myanmar Government has introduced a series of reforms designed to improve the business climate and provide more favourable conditions for foreign businesses entering the market. A number of laws and regulations, including Myanmar’s Foreign Investment Law and mining legislation, are under revision. The government has been holding sectoral information sessions to engage potentially interested firms in the reform process and clarify foreign business entry and investment procedures.

While these developments are welcome, further progress is required before Myanmar can be considered a stable business environment. Myanmar ranked 177 out of 189 on the World Bank’s Doing Business Index in June 2014 and 157 out of 175 on Transparency International’s Corruption Perceptions Index 2013. Factors such as the strength of the rule of law, enforceability of private property and intellectual property (IP) rights, judicial independence and the ease of obtaining information on business regulations are considered in the calculation of these third-party assessments. As such, no single assessment should be taken as a definitive view on the business environment in Myanmar or substitute for independent assessment.

More information on doing business in Myanmar

Why ASEAN and why now?

Why ASEAN and why now? Insights for Australian Business. A joint Austrade-DFAT publication examining Australia’s trade relationship with the Association of Southeast Asian Nations (ASEAN), the opportunities and challenges for Australian business engaging with the region and the future of the Australia-ASEAN trade relationship.

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Myanmar market insights and opportunities

Facts

  • Imports from Myanmar A$95 million
  • Exports to Myanmar A$202 million
  • Capital Yangon
  • Official Language Burmese
  • Area 653,290 sq km
  • Population 51.8 million

Country information provided by DFAT

Country brief

A comprehensive overview of political, economic and bilateral and regional trade agreements.

» read more at DFAT

Trade and economic fact sheet

Containing general information, recent economic indicators, Australia’s trade and investment relationship with Myanmar and their global merchandise trade relationship that is updated twice a year.

» read more at DFAT

Smartraveller

The Department of Foreign Affairs and Trade’s Smartraveller site provides advice for business travellers and tourists going to Myanmar. This is regularly updated and should be checked before planning travel.

» read more at DFAT

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