What’s on – Hong Kong Macau and Myanmar Chamber of Commerce & Industry

Hong Kong’s Investment Promotion and Protection Agreements

A bilateral Investment Promotion and Protection Agreements (IPPA) between Myanmar and Hong Kong has been agreed, which is said to build on the country’s commitments under the terms of the multilateral Investment Agreement, which was signed alongside the Hong Kong, China – ASEAN Free Trade Agreement (HKAFTA). The latest agreement, which comes into effect as of 1 January 2019, guarantees non-discriminatory treatment for Hong Kong-origin investments in a number of non-service sectors, as well as official protection for all other such investments. Investment Agreement: https://www.tid.gov.hk/english/ita/fta/hkasean/files/IPPAASEAN.pdf Source: Hong Kong Trade and Industry Department

China and Myanmar sign deal to develop new deep-sea port

China has signed a framework agreement with Myanmar to develop a new deep-sea port in Myanmar’s Kyaukpyu town, which is situated along the Bay of Bengal. The deal follows years of negotiations associated with funding and other issues. It was signed between a Chinese consortium led by state-owned conglomerate Citic Group and the Kyaukpyu Special Economic Zone Management Committee. The project will see the construction of two berths with a total cost of $1.3bn. A new joint venture is set to be established to build and operate the planned port. As part of the deal, China will provide 70% of…

Myanmar language on labels of imported goods soon a must

Imported goods in Myanmar face possible removal from the market if they don’t carry labels and instruction manuals in the country’s national language within six months, according to the Consumer Affairs Department. U Myint Lwin, director general of the department, said a directive will be released within a month requiring labels and instruction manuals of all imported products to be translated into Myanmar. He told local media the directive is nearly ready and will be released as soon as some minor matters have been reviewed and finalized. The directive will take effect six months after its release. Importers have a…