Myanmar's 'lame duck' period to see economic reform

Significance

They discussed 'national reconciliation' and Suu Kyi and the president agreed to set up a working group on the transition of power that will bring to an end more than half a century of military-backed rule.

Impacts

• Local governments are likely to gain a greater role in defining investment project standards.
• The effectiveness of any economic reforms passed before January 2016 will rely on the new government's implementation.
• Frictions over labour laws and environmental protections will remain in 2016.
• The military is unlikely to agree to any constitutional reform efforts before March 2016.