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January, 19, 2017

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Myanmar says overseas investment welcome in rubber, palm oil sectors

YANGON -- Myanmar's reformist government on Thursday invited foreign investment in its agricultural sector as part of efforts to revive its struggling economy.

"It is the best time and good chance to invest in Myanmar due to its available climate condition, available vast land resources, manpower resources and favorable policy for agribusiness," Khin Mya Mya, a deputy director at the agriculture ministry, told a conference in Yangon.

The government particularly wants to promote investment in industrial crops such as rubber and palm oil.

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