Myanmar parliament passes foreign investment law

[JURIST] Myanmar's parliament passed a new foreign investment law on Friday after months of debate and modifications. The final version of the bill reportedly dropped some of the most controversial provisions, including a requirement that foreign investors contribute at least $5 million [Reuters report] when engaging in joint ventures with local businesses. Myanmar President Thein Sein [BBC profile] had opposed the minimum contribution requirement and other provisions of the bill because he believed they would discourage foreign investment in the...

Source: http://jurist.org/paperchase/2012/09/myanmar-parliament-passes-investment-law.php

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