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Myanmar as a market

Demography

Myanmar has borders with Bangladesh, China, India, Laos and Thailand. The total area of Myanmar is 676,578 km2 and Myanmar is the second largest country in Southeast Asia. Situated between China and India, two of the fastest growing countries in Asia, Myanmar has a population of 53.44 million.

Myanmar & ASEAN

Myanmar joined ASEAN on 23 July 1997 and is also a member state of the agreement of AFTA (ASEAN Free Trade Area).  The establishment of the ASEAN Economic Community, AEC, a single market within the ASEAN nations, including free movements of goods and people in 2015, is a major milestone in the regional economic integration agenda in ASEAN. AEC will be interesting for Danish and European countries as the development of free trade in the area will contribute to more business opportunities and trade between ASEAN countries and Europe.

There are ongoing free trade agreement negotiations between ASEAN and the EU, which Danish companies exporting to or importing from Myanmar may benefit from in the future.