Thein Sein adviser Nay Zin Latt said in an e-mail that Obama's visit "will become a pull factor to attract foreign investments from the Western world."
Situated on the Indian Ocean between China and India, Myanmar represents one of Asia's last untapped frontier markets. The nation's economy will expand 6.2 percent this year, the International Monetary Fund said last month.??The U.S. sees the shifting political climate in Myanmar as an opening for new investments, exports and relations as Obama looks to reassert power in a region increasingly reliant on China, the world's second-largest economy.
Left, U.S. President Barack Obama is escorted around the grounds during a visit to the Shwedagon pagoda in Yangon.