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Home >> Our Ministry >> Other Functions for the Economic Development

Building No(1),Nay Pyi Taw
Myanmar

Fax : 95-67-407004
Email : ministry.nped@mptmail.net.mm

	Other Functions for the Economic Development
Privatization of State-owned enterprises and measures undertaken for developing a capital market.
In January 1995, a "Privatization Commission" was formed with the intention of transferring the State-owned enterprises stage by stage to Private entrepreneurs with the exception of some specific enterprises which must necessarily be under Government control . Above measures are being supplemented with the formation of "Valuation and Land Analyzing Committee".
In order to create easy access to capital for the enterprising economic units, some measures are being taken to develop a stock and shares market.
	Co-ordination with external economic and technical co-operations
For external economic and technical co-operation matters either bilaterally or with international economic and monetary organisations, coordination within the prescribed policy framework are being carried out by the Ministry of National Planning and Economic Development.
	Regional Economic Co-operation.
In July 1997, Myanmar duly became a member country of ASEAN. By signing the AFTA and the Framework Agreement on ASEAN Investment Area(AIA), the following benefits will accrue :

	-foreign investment will increase due to inflow of more investments made by member states and states outside the organisation
	-more investments, will promote more production enhancing increased export
	- enlargement of trade
	- emergence of new enterprises which paves the way for more job opportunities
	- transfer of high technology
	- development of small and medium scale industries, spare parts and ancillary industries
	- expanded co-operations in the fields of trade, investment, tourism, education, science and technology, social and human-resources development In August 1997, Myamnar became a member country of BIMSTED (Economic Development of Bangaladesh, India, Myanmar, Srilinka and Thai) which has as its principal objectives to promote rapid economic growth of member states through co-operative projects in the sectors of trade, investment, industrial technology, tourism, agriculture, energy, infrastructure and transport.

	Development of Statistics and Systematic Recordings
To get accurate, complete and regular Statistics is important in formulating the policy decisions regarding the economic, social and administrative matters in conformity with the actual situation of the country and it is being carried out by the Ministry of National Planning and Economic Development.
	Equipment control in state sector.
The equipment control committee (E.C.C.) has formed to lay down policy, directive and to execute the maximum capacity and full utilization of the state-owned equipment.