Myanmar State Counsellor Aung San Suu Kyi has made a pitch to local and foreign investors, pledging that there would be transparency and accountability in the country’s economic system.

At a meeting with entrepreneurs and development partners in Nay Pyi Taw on October 21, the State Counsellor clarified a clearer legal framework and opportunities in the economic sectors in an attempt to relieve the concerns of the entrepreneurs over their position in the country’s “new economic system”.

She also urged the citizens of the country to participate in her government’s efforts to help with economic development.

“We’ll not be retrospective and or retroactive. We’ll only be looking forward. In this function,I’d like to invite not only the local entrepreneurs but also our good friends abroad as well as those entrepreneurs who are interested in investing in our country. Our national development requires concerted effort,” she said told the business people.

She also called for upgrading the capacity-building of the citizens,considering it as the most important factor in national development.

“Only when we base sustainable development on the capacity of our countrymen, we can achieve our goal of national development for the long term,” she said.

In retrospect, she said Myanmar was once famous for its potential for development, but now this fame has diminished.

“But with the change of time, we’ve been provided with new opportunities,” she said. “Grasping these opportunities,we need to make collective effort for development. Please be aware that we can reach our goal only through diligent effort.”

State Counsellor Suu Kyi also stressed the importance of the rule of law for the success of the businesses saying that the rule law is meant for secure and systematic development,not for imposing of restriction byway of strict laws.

“Only when there prevails the rule of law, we can attract the foreign investors,” she said.

She also said that the new government has not seen rapid economic development within the past six months, calling on the attendees to help the new government with genuine efforts to be able to overcome the challenges.

Regarding economic policy,the government has already unveiled a 12-point policy plan in July.

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