Economic Freedom

Economic Freedom

Under the reign of quasi-civilian government starting to take office in 2011, Myanmar has achieved significant economic growth and GDP per capita has also increased tremendously because of the new government’s economic liberalization and reform processes.But, SMEs, which contribute 99% of the country’s businesses, are still struggling in areas such as production and economic competitiveness, resulting in trade deficits for consecutive years.

For the purpose of contributing to the country’s economic freedom and development including promotion of market economy, SME development and competitiveness of the local businesses, FNF has signed Memorandum of Understandings to cooperate with the Ministry of Industry (MOI) and Ministry of Commerce (MOC), providing policy recommendations and technical assistance to these Ministries thus enhancing their capacity. FNF’s contributions to the partner Ministries include consultation and recommendation on industrial zone law,industrial policy and law, consultation of SME development policy, law, rules and regulations and provision of advice and recommendations for the improvement of competition rules and regulations.

FNF has also cooperated with the partner Ministries in organizing and implementing capacity building activities and events. As examples, workshops and trainings have been organized with focus on SME development policy, law, rules and regulations awareness raising, competition law awareness raising, entrepreneurship, intellectual property rights, SME strengthening, etc. to strengthen the capacity and knowledge of government officials from the partner Ministries, business people and entrepreneurs. Government officials from the partner Ministries mainly attended the workshops and trainings on project cycle management, consumer protection, food safety, project proposal writing, leadership, moderating and organization development.

In addition, FNF has extended its support to the partner Ministries in terms of the conduct of industrial zone research and publication of subsequent research report, translation and publication of WTO books such as general agreement on tariffs and trade (GATT), agreement on trade-related aspects of intellectual property rights (TRIPS), trade facilitation agreement (TFA) and general agreement on trade in services (GATS), and common sense economics, ASEAN regional guidelines on competition policy, competition policy and law in ASEAN for business 2013 handbook, Myanmar SME law, SME guidebooks towards AEC 2015, one village one product movement final report, etc. Moreover, FNF occasionally arranges study tours for the representatives of partner Ministries and private sector counterparts to places holding relevant learning opportunities including Germany, Vietnam and Indonesia.