A Short Note on Experiences and Problems Relating to Restrictive Business Practices in Myanmar

• Author: U Khin Maung Oo
• Published date: 01 March 1992
• Date: 01 March 1992
• DOI: http://doi.org/10.1177/0003603X9203700115
• Subject Matter: Article

The Antitrust Bulletin/Spring 1992

Ashort note on experiences and

problems relating to restrictive

business practices in Myanmar

BY U KHIN MAUNG

00·

Economic reform

273

The Union of Myanmar had changed its socialist economic sys-

tem into a market oriented system in September 1988. Since then

a series of reforms have been introduced and designed to open up

the country to foreign investment, increase international trade,

structure and improve the efficiency

of

the public sector and

encourage the development of the private and cooperative sectors.

Thus, the reforms were intended to lead to a more liberal market-

oriented economic structure. Accordingly, laws, orders, rules, reg-

ulations and notifications that prohibited or restricted the private

sector from engaging in economic activities such as export-import

businesses were repealed. New legal policy instruments giving the

private sector, including foreign investors and businessmen, the

right to do business and to make investments in Myanmar were

enacted.

*Deputy Director General, Ministry of Trade, the Union of Myan-

mar.

C 1992by

Feden1

Leaal

Publicadonl, Inc.