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State and Region-wide Priority Investment Sectors and Corresponding Tax Incentives AnnouncedBusiness, Myanmar
The Ministry of Investment and Foreign Economic Relations (MIFER) has announced the priority investment sectors for each of the country’s 14 states and regions, as well as the capital Naypyidaw which is designated as a Union Territory. Each administrative division has been assigned five priority business areas, which are drawn from a list of 14 priority investment sectors - agriculture, manufacturing, hotels and tourism, logistics, real estate, power, natural resources and mining, livestock, urban development and development of industrial zones, healthcare, eco-tourism, education, infrastructure and transportation, and IT services. Investors in any of the five designated priority sectors in the relevant administrative division…
China and Myanmar sign off on Belt and Road projects
Myanmar and China signed 33 bilateral agreements that will bind the south-east Asian country closer to its giant neighbour in January 2020, including rail and deep-sea port projects along an economic corridor linking China’s south-western interior to the Indian Ocean. Xi Jinping, the Chinese president, and Myanmar’s State Counsellor Aung San Suu Kyi agreed the projects — long under discussion as part of China’s Belt and Road Initiative global infrastructure plan — on the second day of Mr Xi’s two-day visit to the capital Naypyidaw. As part of China’s signature BRI project for the country, the China-Myanmar Economic Corridor, the…