The Ministry of Investment and Foreign Economic Relations ( my, ရင်းနှီးမြှပ်နှံမှုနှင့် နိုင်ငံခြားစီးပွားဆက်သွယ်ရေးဝန်ကြီးဌာန; abbreviated MIFER) is a ministry of the Government of

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John C. Wells, Joh ...

. It was created by president Win Myint. The

Myanmar Armed Forces Tatmadaw (, , ) is the official name of the armed forces of Myanmar (formerly Burma). It is administered by the Ministry of Defence and composed of the Myanmar Army, the Myanmar Navy and the Myanmar Air Force. Auxiliary services include th ...

appointed

Aung Naing Oo Aung Naing Oo ( my, အောင်နိုင်ဦး; born 13 October 1962 in Kyauksein Khamti) is the current Union Minister of Commerce of Myanmar. He also served as Union Minister of Investment and Foreign Economic Relations from 1 Febru ...

as the Minister for Investment and Foreign Economic Relations on 1 February 2021.

History

During the 2018 ASEAN summit, State Counsellor Aung San Suu Kyi called on businesses to invest in Myanmar. She delivered a keynote speech, inviting foreign entities to invest in the country’s priority sectors (including agriculture,

food processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing includes many forms of processing foods, from grinding grain to make raw flour to home cooking to complex industr ...

fisheries Fishery can mean either the enterprise of raising or harvesting fish and other aquatic life; or more commonly, the site where such enterprise takes place ( a.k.a. fishing ground). Commercial fisheries include wild fisheries and fish farms, both ...

, export promotion, import substitution, energy, logistics, education,

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

and construction), saying that investing in Myanmar will bring good returns to both investors and the nation. Htun Htun Oo, Union Attorney General, made a proposal to the Pyidaungsu Hluttaw for the formation of a new ministry on 12 November 2018. As there was no disagreement, Pyidaungsu Hluttaw Speaker announced the establishment of the new ministry. It was formed by combining the Foreign Economic Relations Department, Directorate of Investment and Company Administration of the

Ministry of Planning and Finance The Ministry of Finance and Planning is a government ministry of Tanzania. It "manages the overall revenue, expenditure, and financing of the Government of the United Republic of Tanzania and provides the Government with advice on the broad finan ...

. Due to the ministry's creation, the number of ministries in the

cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...

rose to 25.

List of Union Ministers

References

External links

* {{authority control InvestmentandForeignEconomicRelations Ministries established in 2018 2018 establishments in Myanmar