The unleashing of Burma’s economy could boost regional growth and
intra-ASEAN trade and investment. As it is, Burma’s GDP growth rate
is projected to average around 6 per cent per year until 2020, with
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rapid growth would be rising inflationary pressures, as rapid
growth and investment creates supply bottlenecks and wage
pressures. Inflation is already estimated to have averaged around 9
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competitiveness.
Burma’s draft investment bill could accelerate investment, with
provisions for a five-year tax holiday for foreign investors, 100
percent profit repatriation allowances, and government guarantees
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business-related foreign visits have increased sharply due to
heightened investor interest.
Burma remains heavily dependent on imported manufactures from
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China, yet economic reforms, rapid growth in domestic demand and
increased foreign investment could result in the rapid growth of
the low-value added manufacturing sector, helped by relatively low