Wedged between, China and India, Myanmar’s natural instinct is to avoid undue influences from either, even as it is open to enter into beneficial cooperation. India’s best bet will be to ensure it remains that way.
Not being part of the RCEP does not mean we will not get targeted by exports from the group’s members which are now likely to attract more investments. Vigilant monitoring will be required to avoid circumvention.
The recent drastic reduction effected in corporate tax rates, particularly for new manufacturing units, is a very timely and huge step. These need to be supplemented with other domestic reforms, particularly to facilitate labour intensive manufacturing.
