A new treaty was signed in Yangon yesterday allowing Singapore companies in Myanmar to turn to international arbitration for disputes over investment, the Straits Times reported.
The legally binding treaty sets rules on how Myanmar and Singapore should treat investments and investors of the two countries, said the Ministry of Trade and Industry (MTI).
The Bilateral Investment Treaty on the Promotion and Protection of Investments between Singapore and Myanmar aims to promote greater investment flows between the two countries by giving investors greater certainty and confidence.