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ARTICLE · 11 JUNE 2013

Opportunities And Risks

The relaxation of Canada's "special economic measures" that have been applied to Myanmar has been widely publicized.

MyanmarCorporate/Commercial Law

The relaxation of Canada's “special economic measures” that have been applied to Myanmar has been widely publicized. The changes have been complemented with high profile visits to the region by the Prime Minister, the Minister of Foreign Affairs and the Minister of International Trade. With the announcement of a new Canadian embassy to open in Yangon this year, this recently closed-off country is now attracting a great deal of attention. Given Myanmar’s rich diversity of natural resources, strategic geography and attractive demographics, there are many business opportunities across a range of industries and sectors, including in mining, energy, infrastructure and engineering.

Since being sworn in on March 30, 2011, President Thein Sein has made significant improvements to the openness and stability of Myanmar, although ethnic strife is a serious problem and significant human rights violations have been alleged.

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