8:00 - 9:30am (first 15-20 minutes is for networking) Light Breakfast included Hosted by the Trade & Investment Committee The nascent opening of one of the region's last frontier countries, and a former Asian breadbasket, brings significant opportunity. With a largely untapped market of 60 million people located between India and China, abundant natural resources, an apparent desire by government authorities to reform and modernize, and easing of foreign sanctions on investment and business operations in Myanmar (Burma), there is much room for optimism about the country's future economic prospects. But for most in the business community, the reality of conducting even basic business in Myanmar—Asia's second poorest country by GDP per capita after Afghanistan—will require considerable caution, due diligence and creativity. Early investors must be prepared to play the long game, as Myanmar's economic structure lacks both modern institutions and institutional expertise to handle incoming investment.
Excluding the natural resource extraction and power generation sectors, which have to date absorbed nearly all the investment flowing into the country, most sectors are currently ill-equipped to handle FDI inflows. Agriculture, tourism, real estate and light manufacturing appear poised for early growth, assuming continued liberalization of Myanmar's economy. The Mintz Group has been assisting foreign investors entering the Myanmar market, and Jessica Pyman will describe the practical aspects of conducting reputational due diligence on potential targets of investment and joint venture partners. The presentation covers how to navigate the limitations of public record information, the common lack of transparency, what to look out for to avoid running into the sanctions regime and what strategies clients have been using to select targets of investment or prospective business partners.
The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road Central, Hong Kong