Myanmar’s agriculture sector offers substantial unexploited potential to underpin the country’s inclusive economic development. With extensive land, water, and labor resources, as well as proximity to fast-growing markets, the country’s agriculture has key competitive advantages.
A Myanmar government decision in May 2015 has allowed conditional wholesaling by businesses with a set investment amount in special economic zones, despite the country banning sales of imports by foreign companies in principle, the article noted. Kubota recently became the first foreign company to acquire a wholesale license for imported goods under that exemption.
About 60% of Myanmar's population engages in agriculture, but the industry has been slow to modernize after stagnating under the former military junta, creating significant latent demand for farm equipment.