European investment

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Description: "“In order to facilitate investment, businesses need political stability. And in that sense, Mandalay is the perfect place to offer this condition,” Mandalay Chief Minister Zaw Myint Maung told an audience of European investors and businesses. The European Chamber of Commerce in Myanmar (EuroCham) in collaboration with the Mandalay Region Chamber of Commerce (MRCCI) organised the forum “Business Climate in Upper Myanmar” on May 21. Many European businesses see Mandalay’s location and access to Upper Myanmar as a key asset but raise concerns about the opaque bureaucracy and shortage of skilled labour. “Mandalay is at the crossroads between big Asian players, like China and India, and [the city] could become a main trading and communications centre,” said Fabian Lorenz, attorney-at-law, Luther Law Firm Limited. The availability of raw materials and labour in Mandalay offers a vast potential for development and investment, he added. This includes agriculture, food processing and manufacturing..."
Source/publisher: "Belt & Road News" (China)
2019-05-25
Date of entry/update: 2019-09-25
Grouping: Individual Documents
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