Myanmar Special Economic Zone Law, 2014.
Country
Type of law
Legislation
Abstract
The objectives of this Law include: (a) to support the main objectives of the national economic development plan; (b) to get jobs for the people, to promote their living standards, to promote the export of goods with the improvement of production and to increase foreign exchange earnings; (c) to encourage, promote and attract for being the balanced development of the industrial, economic and social sectors in the State; (d) to promote cooperation in industrial, economic and commercial activities, services and financial transactions between the State and other countries, and to provide the opportunities for vocational training to the citizens; (e) to encourage and attract domestic and foreign investments by building good foundations for the developers and the investors; (f) to promote the flow of domestic and foreign investments in the Special Economic Zone and to establish linkages among the industries in and surrounding of the Special Economic Zone with the creation of new jobs.
The Union Government shall form the Central Body relating to the Myanmar Special Economic Zone. The Central Body shall form the Central Working Body relating to the Myanmar Special Economic Zone. The Central Body may establish the Special Economic Zone by the approval of the Pyidaungsu Hluttaw with the agreement of the Union Government in the suitable place or area for the development of State economy based on the criteria as prescribed in Section 12.
The Union Government shall form the Central Body relating to the Myanmar Special Economic Zone. The Central Body shall form the Central Working Body relating to the Myanmar Special Economic Zone. The Central Body may establish the Special Economic Zone by the approval of the Pyidaungsu Hluttaw with the agreement of the Union Government in the suitable place or area for the development of State economy based on the criteria as prescribed in Section 12.
Attached files
Web site
Date of text
Repealed
No
Source language
English
Legislation Amendment
No
Implemented by