Support is better than protection, government’s new economic policy
Support is better than protection, government’s new economic policy
Mizzima, 16 Jun 2016
URL: http://mizzima.com/business-domestic/support-better-protection-government%E2%80%99s-new-economic-policy
“Our government will not give favor to anyone and there will be no discrimination. We will give all Myanmar nationals equal opportunity.” Union Minister of Planning and Finance Kyaw Win said at a meeting held at Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) on 13 June, the meeting was held for the first time with Myanmar traders and entrepreneurs and it lasted about three hours.
At the meeting, the Minister also said, “We will give support as much as we can to the extent that all businesses will be able to better perform. We will give support rather than protection to them. So I would like to say let our government give support to the businesses of Myanmar nationals,”
The current Union Minister of Planning and Finance took the position of Chairman of the newly reconstituted ‘Myanmar Investment Commission’ (MIC). He claimed that the cause of prolonged poverty in the country was the concentration of economic opportunities in the hands of a few in the previous government. The new NLD government would provide economic opportunities to all Myanmar citizens equally and would disclose their new economic policies soon to the public.
“Currently, I cannot talk about the matter as it has not yet been officially approved. This new policy will be made public this month at the earliest. In brief, the new policy will give equal opportunity to all Myanmar citizens,” the minister told the media.
At the meeting, the Minister also said, “We will give support as much as we can to the extent that all businesses will be able to better perform. We will give support rather than protection to them. So I would like to say let our government give support to the businesses of Myanmar nationals,”
The current Union Minister of Planning and Finance took the position of Chairman of the newly reconstituted ‘Myanmar Investment Commission’ (MIC). He claimed that the cause of prolonged poverty in the country was the concentration of economic opportunities in the hands of a few in the previous government. The new NLD government would provide economic opportunities to all Myanmar citizens equally and would disclose their new economic policies soon to the public.
“Currently, I cannot talk about the matter as it has not yet been officially approved. This new policy will be made public this month at the earliest. In brief, the new policy will give equal opportunity to all Myanmar citizens,” the minister told the media.