The Myanmar government plans to issue a Land Used Policy to attract local and foreign investments into the livestock sector: the policy will address issues related to using farmland for other purposes and the use of uncultivated land

Myanmar is planning to issue a Land Used Policy to attract local and foreign investments into the livestock sector, according to U Tun Win Myint, Head of Yangon Regional Fishery Department, at the meeting held at Myanmar Fishery Federation on May 22.

The Union Government is in the process of studying the regulations in Thailand, Vietnam, and China. The policy will address issues related to using farmland for other purposes, and the use of uncultivated land, he added.

“Investors want to come in and invest, but they are hesitating because there is no clear regulation or policy. They come in, inquire about the potential, and just then leave,’’ Dr. Myint Sein, Vice President of MFF said at the meeting held in mid-May. 

According to Farmland Law 2012, farm land shall not be used for any purpose, except farming. This makes it difficult to acquire land for other use, even breeding livestock. Incidentally, there are around 450,000 acres of fishery firms in Myanmar. Meanwhile, the Myanmar Fisheries Federation (MFF) is planning fishery zones in Khayan, Thone gwa and Kyauk Tan Townships.

The Union Government is in the middle of negotiating the issues with the various Regions and States, U Tun Win Myint, said.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/government-issue-land-used-policy-attract-investment-livestock-sector )

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