Ministry of Economy, Trade and Industry
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METI has formulated the Myanmar Industrial Development Vision

The Ministry of Economy, Trade and Industry (METI) has formulated the Myanmar Industrial Development Vision, which summarizes a future vision for Myanmar’s industry and the policies to be preferentially pursued in order to realize the vision. METI will cooperate with Myanmar in its efforts in drafting and implementing concrete policies based on the basic concepts outlined in this vision.

Since the transition to the civilian rule in 2011, Myanmar has been rapidly driving economic reform exemplified by the development of the Thilawa Special Economic Zone (SEZ), which Japan has supported. Therefore, even further progress is expected to be made in the expansion of Japanese companies in Myanmar and in Japanese infrastructure exports to Myanmar.

Based on requests from the Government of Myanmar, which places importance on the acceleration of these trends and the well-balanced development of urban and rural areas, METI compiled the Myanmar Industrial Development Vision summarizing a future vision for Myanmar’s industry and the policies to be preferentially pursued in order to realize the vision in cooperation with relevant ministries, agencies, and organizations.

In light of Myanmar’s relative advantages such as its less expensive yet good quality labor force, along with domestic and foreign demand, the Myanmar Industrial Development Vision proposes the Urban-Rural Synergy Strategy, which is to create a virtuous cycle leading to the development of labor-intensive industries in urban areas through foreign capital initiatives, and the development of local industries such as agriculture, forestry, fishery, and high value-added textile and other local production in rural areas. In order to implement the strategy, the Vision encourages improvements in the electricity and transportation infrastructure, a predictable and efficient legal system, the development of human resources, strategic industrial policies, and the realization of potential in the fields of agriculture, forestry, and fishery.

On July 3, 2015, Prime Minister Abe hand delivered the Myanmar Industrial Development Vision to Myanmar President Thein Sein, who visited Japan in order to attend the Mekong-Japan Summit Meeting. Moving forward, METI will support Myanmar in its efforts to formulate its next five-year plan, and draft and implement specific policy measures, based on the basic concepts outlined in this Vision.

Release date

July 3, 2015

Division in Charge

Financial Cooperation Division, Trade and Economic Cooperation Bureau

Related Information

Regional Affairs / Myanmar

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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