Since 1988, the centrally planned economy was repealed with more liberal market oriented economy.

Thus the private sector has been encouraged to do business in domestic & foreign trade and commerce.

In keeping with the policy a number of laws had been promulgated.

Agriculture, forest produce, minerals, oil, fisheries and tourism industry are the main sectors.

Myanmar is making steady progress in rehabilitation by construction projects of dams, bridges, railways, roads, buildings, electricity and public utilities.