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    MYANMAR FOODTEC 2019 MARKET UPDATE:
FOREIGN DIRECT INVESTMENTS IN MYANMAR SURGING MORE THAN 40%
 
   
 
    In the first six months of the current fiscal year of 2018-2019, the inflow of Myanmar’s Foreign Direct Investments (FDI) has surged more than 40% - receiving about US$1.9 billion in total. This is in comparison to the same period of the previous fiscal year, whereby Myanmar received about US$1.3 billion for over 80 projects. This is Myanmar’s first FDI increase since Daw Aung San Suu Kyi came to power in 2016.

The Myanmar Government has also taken additional steps to encourage the inflow of investments into the country and create opportunities for entrepreneurs. These steps include Myanmar’s Investment Promotion Plan and the establishment of a new Ministry, the Ministry of Investment and Foreign Economic Relations. This new Ministry will make it easier for investors to invest in Myanmar through a single window system – enabling businesses to apply for and complete all the necessary procedures.


 
   
With the region moving closer towards implementing the ASEAN Economic Community that envisions a single market and production base for Southeast Asia, Myanmar is in need for quality products, services, technology and solutions to further develop its food processing and packaging industry. MYANMAR FOODTEC 2019 – Myanmar’s International Food Processing and Packaging Technology Exhibition aims to spearhead Myanmar’s development in this sector by providing a one-stop platform for businesses to capitalise on opportunities and meeting the country’s increasing demands.

The Expo will be held at the Myanmar Expo Hall, Yangon from 31 October – 2 November 2019, the International Exhibition is expected to attract more than 8,000 trade visitors including key buyers for the food processing and packaging sector in Myanmar. This is the best platform to develop new business and partnerships, an opportunity for new product launches and promotional campaigns, and get updated on the latest issues and trends shaping the industry.

Put your brand on the map with MYANMAR FOODTEC 2019 today! Contact Ms. Aye at aye@ambtarsus.com to book your company a prime location at the Expo.