The “Golden Land”, officially known as the Republic of the Union of Myanmar and formerly as Burma, has undergone dramatic reforms in recent years under the administration of President U Thein Sein. The rapid transition from a military junta to an open economy has surprised the global community and will see Myanmar assume the ASEAN chair for the first time in 2014.
Agriculture dominates the economy of Myanmar. While estimates vary, the sector contributes 43% to GDP and employs 70% of the working population, according to the World Bank. With rich soil and a diverse climate, the country has suitable agricultural conditions, with fertile lowlands in the Irrawaddy basin, rainforests, the so-called “Dry Zone”,...
What opportunities are available to foreign investors interested in the agriculture sector?
Myanmar can learn a lot from pulses. In fact, output has grown exceptionally fast over the past two decades. This is mostly as a result of fewer strict state controls, and farmers being allowed to plant, harvest and sell them freely. In many ways, the history of pulses, in particular beans, goes a long way to showing that heavy-handed...
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