BUSINESS OPPORTUNITIES IN ENERGY, FORESTRY, WATER AND WASTE MANAGEMENT
Welcome to join the Team Finland visit to Myanmar on March 18 – 22, 2019, led by Mr. Markku Keinänen, Under-Secretary of State, External Economic Relations, Ministry for Foreign Affairs of Finland.
By taking part in this visit, you will be able to discover business opportunities in sectors such as energy, forestry, water and waste management. Companies from other sectors are also welcome to join.
WHY MYANMAR?
Myanmar is among the least developed countries, with economic growth of 6-7% per year. According to the World Bank, this high growth is expected to continue at least until 2030. Myanmar’s population is about 53 million and it is situated between two big markets namely China and India. Myanmar has an abundance of natural resources (forests, minerals, oil and gas).
Due to decades of economic isolation and under-investment there are plenty of needs and opportunities in the country. Investments for infrastructure and new strict environmental regulations create plenty of business opportunities for Finnish companies. Finnish knowhow and technology is needed especially in power generation and distribution, reforestation projects, waste management, water supply and waste water treatment systems.
The government is undertaking a series of reforms in order to improve business regulation, ease participation of foreign companies and reduce red tape. New sectors have been opened to foreign companies such as most recently banking and wholesale. While the government resources are relatively scarce, there is considerable development financing to the country e.g. by the Asian Development Bank and the World Bank group. The private sector has been dominated by a number of large companies but a lot of new businesses are emerging. While there have been human rights concerns in Myanmar by the EU and UN, responsible trade and investments are very much welcomed.
READ MORE ABOUT WHY MYANMAR »
SEE THE PRELIMINARY PROGRAM »
PARTICIPATION FEE
To cover the expenses of arranging the visit program in Naypyidaw and Yangon, Business Finland will charge a participation fee as follows:
- Micro Businesses and SMEs: 2250 EUR + 24% VAT per person
- Major Companies: 2650 EUR + 24% VAT per person
Business Finland will invoice the participation fee after the visit based on the actual costs. The invoiced fee will not exceed the amounts mentioned above. If a person stationed in Myanmar represents the company, a 25 percent discount will be granted.
READ MORE ABOUT PRACTICALITIES »
