The Government of Myanmar will invite submissions of Express of Interest (EOI) for implementing economic zones in early 2019, in Kan Paite Tee in Kachin State, as well as Muse and Chin Shwe Haw in Shan State, all of which are located at the Myanmar-China border. The border economic zone in Muse will be implement as a priority project.

Only local businessmen are eligible to submit an EOI, the first step of tender process.

“We will invite EOI submissions in 2019. Examining the facts submitted by companies, we will work on a master plan, and conduct negotiations for the project. Then we will try to implement the project as soon as possible,” U Khin Maung Lwin, Deputy Permanent Secretary of the Ministry of Commerce, told Myanmar Business Today.

The economic zones are expected to boost local and foreign investment in the project areas while creating job opportunities for local people.

Moreover, authorities hope that the zones will improve productivity and trade making local small & medium size enterprises (SME) grow.

China and Myanmar agreed on the plan to building economic zones in border areas during the State visit of Daw Aung San Suu Kyi, State Counsellor of Myanmar, to China in August 2016. According to the agreement, the two countries signed the MoU on building the economic zones in May 2017.

Source from Myanmar Business Today