Burma Plans To Relax Restrictions On Foreign Investment In Retail Industry

< p > the Burma government recently formulated a motion to remove restrictions on foreign investment in the circulation industry.

The bill allows foreign investors to open retail stores and sell products that are now permitted only by Burma's domestic enterprises.

The relevant policies are expected to be adopted at the recent cabinet meeting in Burma, and some restrictions will be lifted during the year.

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< p > < < a href= "http:// > www.sjfzxm.com/news/index_c.asp > Burma < /a >, Burma Investment Committee with the right of examination and approval of foreign investment restricts the field of foreign investment.

The government of Burma will revise the relevant provisions in a comprehensive way. It will exclude industries such as retail, wholesale, trade, and < a href= "http:// www.sjfzxm.com/news/index_c.asp" > warehousing > /a > from restricted objects.

Burma's economic opening is expected to make further progress.

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< p > at present, overseas enterprises are only allowed to launch business activities in Burma through agencies and chain stores, while local businesses monopolize circulation business.

The Burma government has previously allowed foreign investors to enter the retail industry in the form of shopping centers and other large-scale stores after 2015, but set detailed restrictions on the opening area and investment volume.

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< p > with the < a href= "http:// www.sjfzxm.com/news/index_c.asp" > the trade industry's < /a > lifting of the ban, procurement from outside Burma will also become more flexible.

For Japanese enterprises expanding their businesses throughout Southeast Asia, it will be easier to introduce goods that are developed and purchased in other countries to Burma.

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< p > related links: < /p >

< p > the Korean clothing and love group recently established a large distribution center with an area of 190 thousand square meters in Chungnam province of the country.

As a group logistics hub, the center has 5 levels, which will help improve product sales efficiency and enhance the synergy effect of overseas production bases.

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In a statement by the P clothing and apparel group, it is pointed out that the integration of the national distribution organizations will help enterprises to enhance their competitive edge. The center will work with the distribution organizations located in Shanghai, China.

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< p > in management, the center will cooperate with the management software suppliers of the United States to establish a warehouse management system so that it can become the operation center of the group fashion business.

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< p > in April this year, the clothing and exchange group said that the sales volume of the fast fashion brand SPAO is expected to reach 3 trillion won in the case of fast fashion brand sales growth.

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< p > SPAO brand landed in Japan in July 2013 and appeared in China in December 2013.

The clothing and love group plans to set up 50 SPAO sales outlets before 2015 to boost sales to 500 billion won.

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