A new Myanmar law aims to level the playing field between foreign and local businesses.  With the US removing its final sanctions, the country hopes legislation will help spur growth  

Last year the country elected Aung San Suu Kyi, a former political prisoner, as its de facto leader.  According to James Hookway of the Wall Street Journal, “It is hoped they (local small businesses) can inject some new life into Myanmar’s economy, which, while expanding quickly—by up to 7.8% this year, according to the World Bank’s estimates—is growing from a very low base,”

Foreign companies who are interested in leasing land under the new framework will find it much easier.  "Previously leases and conditions varied, but now firms investing under Myanmar Investment Commission rules will be able to lease land for up to 50 years, with two extensions of 10 years each.“

-Ray Hayes

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