Ministry of Investment and Foreign Economic Relations

The Ministry of Investment and Foreign Economic Relations (Burmese: ရင်းနှီးမြှပ်နှံမှုနှင့် နိုင်ငံခြားစီးပွားဆက်သွယ်ရေးဝန်ကြီးဌာန; abbreviated MIFER) is a ministry of the Government of Myanmar. It was created by president Win Myint.[1] The Myanmar Armed Forces appointed Aung Naing Oo as the Minister for Investment and Foreign Economic Relations on 1 February 2021.[2]

Ministry of Investment and Foreign Economic Relations
ရင်းနှီးမြှပ်နှံမှုနှင့် နိုင်ငံခြားစီးပွားဆက်သွယ်ရေးဝန်ကြီးဌာန
Agency overview
Formed19 November 2018 (2018-11-19)
Preceding agency
JurisdictionGovernment of Myanmar
Agency executive
Websitewww.mifer.gov.mm

History

During the 2018 ASEAN summit, State Counsellor Aung San Suu Kyi called on businesses to invest in Myanmar. She delivered a keynote speech, inviting foreign entities to invest in the country’s priority sectors (including agriculture, food processing, fisheries, export promotion, import substitution, energy, logistics, education, healthcare and construction), saying that investing in Myanmar will bring good returns to both investors and the nation.[3]

Htun Htun Oo, Union Attorney General, made a proposal to the Pyidaungsu Hluttaw for the formation of a new ministry on 12 November 2018. As there was no disagreement, Pyidaungsu Hluttaw Speaker announced the establishment of the new ministry. It was formed by combining the Foreign Economic Relations Department, Directorate of Investment and Company Administration of the Ministry of Planning and Finance.

Due to the ministry's creation, the number of ministries in the cabinet rose to 25.

List of Union Ministers
No. Portrait Name Term President
Took office Left office Days
1 Thaung Tun 19 November 2018 1 February 2021 2 years, 74 days Win Myint
Formerly the union minister for the Ministry of the Office of the Union Government, Thaung Tun was appointed as the newly created ministry's Union Minister by president Win Myint.[4]
2 Aung Naing Oo 1 February 2021 Incumbent 7 days Myint Swe
A former military officer and civil servant

References
  1. "ပြည်ထောင်စုသမ္မတမြန်မာနိုင်ငံတော် နိုင်ငံတော်သမ္မတရုံး အမိန့်ကြော်ငြာစာအမှတ်၊ ၈၇/၂၀၁၈ ပြည်ထောင်စုဝန်ကြီးဌာန ဖြည့်စွက်ဖွဲ့စည်းခြင်း". president-office.gov.mm (in Burmese).
  2. "Tatmadaw names new govt officials". The Myanmar Times. 2021-02-01. Retrieved 2021-02-01.
  3. "State Counsellor Calls on Businesses to Invest in Myanmar, Pledges to Bring Good Returns". www.statecounsellor.gov.mm. 2018-11-13.
  4. "ပြည်ထောင်စုသမ္မတမြန်မာနိုင်ငံတော် နိုင်ငံတော်သမ္မတရုံး အမိန့်အမှတ်၊ ၄၀ /၂၀၁၈ ပြည်ထောင်စုဝန်ကြီး ပြောင်းလဲတာဝန်ပေးခြင်း". president-office.gov.mm (in Burmese).
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