Aiming to revise the Schedules of Reservation in ASEAN Comprehensive Investment Agreement (ACIA) and the investment chapters of the ASEAN Plus One Free Trade Agreements (ASEAN + 1 FTAs), the hybrid meeting led by the Permanent Secretary of the Ministry of Investment and Foreign Economic Relations (MIFER) Dr. Wah Wah Maung, was held at the No. 1 MIFER Office in Nay Pyi Taw.
At the meeting, Permanent Secretary Dr. Wah Wah Maung and Deputy Director General of the Directorate of Investment and Company Administration (DICA) U Min Zaw Oo gave the opening remarks respectively.
Myanmar has signed regional investment-related agreements including ACIA, RCEP and FTAs as investment plays the crucial role for economic cooperation. Under these agreements, there are two types of investment reservation lists: positive list and negative list. The contracting parties need to prepare the negative list agreed upon their consensus but the lists are varied based on each party’s national interest.
At the meeting, the representatives from line agenices discussed matters related to the preparation of negative lists on the business sectors. After that, Deputy Director General U Min Zaw Oo gave the closing remarks and the meeting was concluded at 13:00 noon.
The meeting was attended by a total of (47) participants including Permanent Secretary, Deputy Permanent Secretary, Deputy Director Generals and Directors from the Ministry of Investment and Foreign Economic Relations, the Ministry of Planning and Finance, the Ministry of Information, the Ministry of Agriculture, Livestock and Irrigation, the Ministry of Transport and Communications, the Ministry of Natural Resources and Environmental Conservation, the Ministry of Electricity and Energy, the Ministry of Industry, the Ministry of Commerce, the Ministry of Education, the Ministry of Science and Technology, the Ministry of Health, the Ministry of Construction, the Ministry of Social Welfare, Relief and Resettlement, the Ministry of Hotels and Tourism, and the Central Bank of Myanmar.