The Thai Chamber of Commerce considers Myanmar as the most attractive
ASEAN country for investment and suggests the government inform Thai
investors of investment rules and regulations in Myanmar.
Director of the Centre of Economic and Business Forecasting of the
University of the Thai Chamber of Commerce, Thanawat Polwichai, said
Thai businessmen consider Myanmar as the most favourable country for
investment in ASEAN for the moment thanks to its advantageous positions
in terms of location, agricultural resources and production bases of
many products.
Myanmar makes a good market base due
to its labour cost and Thai products’ popularity in that country will
also benefit Thai investment there, the director said.
Thanawat added that Thailand could use Myanmar as a gateway for Thai
exports since both countries had several channels in their contacts
while Myanmar owned many routes to other countries outside the
region. Spa, service and beverages are among those the Thai businesses
expect in Myanmar.
However, the director said Thai
businessmen still lack information about investment rules and
regulations in Myanmar. He therefore urged the Thai government to
issue investment promotion measures and help arrange a meeting between
businessmen of both sides to discuss their investment and cooperation.-VNA