History

The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry was founded in 1919 under the name Burmese Chamber of Commerce and upgraded as a federation in 1999 in line with the adoption of the market-oriented economic policy of the Government of the day. The milestones of UMFCCI are shown on Table 1.1.

Table 1.1 Milestones of UMFCCI

Year Milestones
1919 Burmese Chamber of Commerce (BCC) was founded during the British Colonial era.
1948 – 1962 After independence, BCC developed into Union of Burma Chamber of Commerce & Industry (UBCCI).
1962 – 1988 During the period of Socialist Regime, UBCCI ceased to function.
1989 After adoption of market oriented economy, UBCCI was reconstituted in the name of Union of Myanmar Chamber of Commerce & Industry (UMCC).
1999 UMCCI was upgraded as the Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI).
2011 to Now The name of the organization changed to Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) with the vital task of contributing to the development of the four economic objectives of the State