The European Commission chief Jose Manuel Barroso has offered Burma over £62 million in development aid.
The chief met President Thein Sein to discuss plans to boost trade after ending of decades of sanctions.
The European Commission President’s visit is one of many visits to Burma by Western officials since the beginning of the reforms.
The Burmese government also published details of a new foreign investment law which will look to encourage investment from overseas companies.
Trade links with the EU that have, over past decades, been unsubstantial are now beginning to regenerate.