Rob Lally Deputy Director, Asia Strategic Trade Group.
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Rob Lally Deputy Director, Asia Strategic Trade Group
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Transcript of Rob Lally Deputy Director, Asia Strategic Trade Group.
Rob Lally
Deputy Director, Asia
Strategic Trade Group
www.ukti.gov.uk
270 Trade Advisers in the UK 162 Offices around the world 100 + markets 98% Global GDP Expansion in emerging markets
261,000 sq miles (largest in SE Asia (UK – 94, 000) Population: 70% rural (Vietnam
90%) Life expectancy – 60 (4.6% over
65) Good education (poor English)
Population spread over many cities 4 million, Rangoon 1 Million Mandalay 16+ cities 100,000+
Business opportunities in Burma
Offshore oil and gas
Education and training – major requirement at all levels, plus vocational training and English language. British education held in high regard.
Telecoms – extremely low mobile phone penetration/internet capacity.
Construction sector – anticipated construction boom.
Manufacturing sector –labour-intensive and cost-sensitive activities such as garment manufacture and food processing. Capacity has been very badly eroded by sanctions and is in need of investment and expertise.
Business services- major foreign require international standard support services – lawyers, accountants, real estate agents, recruitment consultants, facilities management companies, etc.
Recent Progress
Foreign Investment Law approved with all of the President’s investor-friendly amendments intact save one, on salary equality for Burmese and foreigners doing the same job).
Preparations underway for independent Central Bank – Bank of England has been offering its advice on this;
Government is developing National Economic Plans.
Agreement on resolving much of Burma’s international arrears and IFIs are considering lending again;
EU is looking at reinstating GSP.
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Looking ahead:
CAPACITY
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THE WAY FORWARD
Partnership
Patience
