Investment in the special economic development zones. The development of special economic zones sez in myanmar is governed by the myanmar special economic zone law of 2014. Myanmars 2014 special economic zones sez law does not conform to the states. The mekong countries see special economic zones as a useful. Oecds dissemination platform for all published content books, serials and statistics. Aims and objectives 69 chinas overseas zones in africa. Others include freetrade areas, industry parks, technical innovation parks and bonded zones that facilitate experimentation and innovation over a wide range of industries. The mic is comprised of representatives and experts from government ministries, departments and governmental and nongovernmental bodies. Myanmar special economic zone rule the myanmar embassy. This law shall apply to all special economic zones. Now it is restored and integrated, with a new structure and many more documents. These rules shall be called the myanmar special economic zone rules. Under myanmar law, this must conform to the world bank policy on.
This law shall be called the myanmar special economic zones law. Myanmar currently has a wide range of possibilities for foreign investment, including opening up for 100% foreign ownership. Tak special economic development zone comprises 14 subdistricts in the 3 districts of tak province, as follows. Chapter 4 chinas investment in special economic zones in africa 69. The dawei special economic zone sez and deepsea port, if realized, would be one of the largest of its kind in southeast asia. The expressions contained in these rules shall have the same meaning as. The myanmar investment commission mic is responsible for verifying and approving investment proposals and regularly issues notifications about sectorspecific developments. Funding for this ilo publication was provided by the united states department of labor project mmr10usa. Progress, emerging challenges, and future directions. Since 2010, the myanmar government has implemented political and eco. Myanmar special economic zones law myanmar law library. Post clearance audit system which allow inspection for book keeping, records.
The ministry of national planning and economic development. Special economic zones sezs have spread rapidly over the past 20 years, including in many. One of the most commonly cited examples of myanmars newfound reformist zeal are the three special economic zones sezs which passed into law in. Please use and explore the site and send us any feedback on structure and content to. Under this law, a special economic zone is defined as the zone notified and established by the central body as the special economic zone by demarcating the boundary and issuing the notification under this law, whereby the central body is a body formed by the union government. Special economic zones in myanmar and the state duty to. Reports definition of special economic zone 11 structure of the report chapter 2. Special economic zones in myanmar and the state duty to protect.
Special economic zone law in myanmar brief background the special economic zone sez law was enacted on 23 january 2014. The first sez in myanmar, the thilawa special economic zone, began operation in late 2015. Khandelwaly matthieu teachoutz february 2016 1introduction myanmar is a developing country that ranks among the most dif. Myanmar special economic zones law the pyidaungsu hluttaw. Myanmar opted early on in its reform process to develop sezs to attract foreign investment. Myanmars efforts to transition to an open, marketbased economy with. This law shall be called the myanmar special economic zone. Special economic zones sezs aim to increase foreign investment and economic. This represents an important step forward in developing export oriented industries as the sez law looks to not only provide incentives for export oriented industries but. Myanmar sez law pdf thilawa special economic zone management committee room no. Since the beginning, the project has fueled massive concerns by many local communities as well as myanmar and thai civil society groups, who have documented the social and environmental impacts and implications of the megaproject in several reports see voices. Western tak can serve as a connecting corridor to yangon, which is the economic centre of myanmar. General information on myanmar special economic zones. Some are designated geographical spaces where special policies and measures support specific economic functions.
This publication does not necessarily reflect the views or policies of the united. The ilo guide to myanmar labour law is funded by european union, norway, switzerland, united states department of labor project mmr10usa and the ilo. Mechanisms 80 progress, challenges, and potential 91. Special economic zones sezs geographically delimited areas within which governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support are widely used across most developing and many developed economies. The following expressions contained in this law shall have the meanings given hereunder a state means the republic of the union of myanmar. This law is relevant to all the special economic zones. Special economic zones chapter 7 the business of transition.
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