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Hub News Article Oct 09, 2014

Israel and Myanmar Signed a BIT

Israel and Myanmar signed the agreement on reciprocal promotion and protection of investments on 5 October 2014 in Yangon. The agreement is intended to strengthen business relations and build trust between the two countries as well as to create job opportunities. The ambassador of Israel to Myanmar stated that he expects the BIT to "contribute to the development of Myanmar’s business sector and national economy" and "encourage more Israeli investment in Myanmar".