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Handelseffekter i Myanmar after into DET i ASEAN Nationalekonomiska institutionen av Gabriel And arson Kandidatuppsats: January 2007 Handlebar: Yves Border 1 Abstract Myanmar s entry in Association

A second important change is greater ASEAN integration into its internal market. This integration also caused greater economic and employment opportunities and the construction of new business opportunities. A third is the creation and success of the Burmese economy and the state sector. A national plan to build a 'comprehensive economy based on the common development principles of economic, social, cultural and other cooperation, and a new democratic political system which promotes democratic rights, which is based on the rule of law and civil and political liberties', was agreed upon between the government and a group of leading intellectuals and business people in June 2007. The 'Agenda for development' is based on the plan of the Burmese Government, comprising five areas of activity: the development of the basic infrastructure of a modern agricultural sector, a modern manufacturing industry, the development of a modern commercial market, the development of human resource development for a modern economy, and the development and promotion of social development and social justice. The 'Agenda for development' was approved and signed by former President Than San on 26th May 2008 when he went to meet the leaders from the Republic of Ireland. The following month, on 5th June, the country signed a bilateral pact with Ireland. Since then, the bilateral pact has been implemented with the aim of integrating the two economies into the global economy. This integrated economic zone was originally set to open on 31st March 2010, but was delayed by a few weeks. The integrated economic zone is expected to provide over 500 million euros in exports, which will be financed through the use of loans by the Republic of Ireland and the World Bank. There have also been major initiatives for the development of the country's financial sector such as the 'Financial Policy Framework', the 'Credit and Lending Regulation and Reform', and the 'International Development Finance Agreement' between two financial institutions. By 2010, this has put the country back on track towards achieving a 'single market' in ASEAN, with a greater number of economic activities. By the end of 2013, this had resulted in the creation of a 'New Economic Zone' in the country, with the aim of attracting investment, establishing a business development sector, and attracting international investors. The government expects the 'New Economic Zone' to be profitable by 2016-17 and open to foreign investment. The 'New Economic Zone' is still in its early stages, although this early experience is crucial to a successful transformation.

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