Last updated: 14 Feb 2013
Market profile
Insights and opportunities
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Doing business
In April 2012, the Australian Government announced its decision to end its policy of neither encouraging nor discouraging trade with Myanmar.
More information on doing business in Myanmar
Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
Despite significant natural resources, a large labour force and its location in an area of dynamic economic growth, Myanmar is one of the poorest countries in Asia.
» read more at DFAT
- POLITICAL CLIMATE
Australia has consistently urged the Myanmar Government to improve the human rights situation in Myanmar, both bilaterally and in international forums.
» read more at DFAT
- TRADE RELATIONS
The Australian Government’s engagement with Myanmar was for many years limited by the nature of the ruling military regime there.
» read more at DFAT
Top Business Risks
OECD Guidelines for Multinational Enterprises
Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.
Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.
The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.