Myanmar Parliament Aims to Boost Investor Confidence - Report

Parliament aims to boost investor confidence

By Aye Thida Kyaw | Monday, 01 July 2013 from the Myanmar Times

New laws on banking, special economic zones, competition, patent rights and intellectual property will be considered in this session of parliament

A worker at Toyota’s new service shop in Yangon polishes a vehicle. New legislation protecting businesses could result in more investment from Japanese conglomerates, legal experts say. Photo: Boothee

A collection of laws that aim to earn the trust of international investors will be debated during this sitting of parliament, officials said last week.

Laws that will govern the central bank and special economic zones have been completed and will be submitted to parliament soon, said Pyithu Hluttaw representative U Aye Mauk, who is also secretary of the lower house’s planning and financial development committee.

However, other legislation on intellectual property, fair competition and patent rights is still being drafted and will be submitted by the relevant ministries when ready, he said.

Read the full article here: http://mmtimes.com/index.php/business/7298-parliament-aims-to-drive-up-investor-confidence.html