Myanmar's Planning Commission has approved a 10-point basic framework for economic and social reforms, official media reported Friday.

The basic framework covers finance and taxation reform, monetary sector reform, relaxation of regulations on trade and investment, undertakings for private sector development, health and education reforms, plan for food sufficiency and agricultural sectors development, plan for upgrading of mobile communication services and internet system, infrastructural development programs and programs for emergence of effective and efficient governing system and transparency, said the New Light of Myanmar.

Speaking at the conclusion of the commission meeting on Thursday in Nay Pyi Taw, President U Thein Sein said the two-day discussions, based on people-centered development approach, ranged from socio-economic, political and administrative objectives to 2013-14 fiscal year targets of national planning.

He underlined efforts in ensuring participation of all citizens in political process which is essential to put economic reform in place, stressing the need to make continued efforts to foster equal rights for each and every citizen to work as well as job opportunities, instituting economic reform, especially on rural development and poverty alleviation of rural people.

He emphasized improvement of public healthcare service, social security, access to electricity and better communication service.

He stressed that it is essential to export own products into international market industrializing the nation through special projects without relying on agro-economy alone.

Moreover, he stressed that urbanaization projects must be implemented in parallel to ensure better living standard of the citizens.

He urged consideration of systematic economic impact assessment and social impact assessment and resources exploitation management in implementing development plans which covers establishment of industrial zones and urbanization to adopt the least environmentally harmful policies.

Noting that success could not be achieved by the government alone in translating the nation into developed one, Thein Sein called for mass participation and formation of government committees township-wise, ward- and village-wise.

In the education sector, he stressed upgrading of teachership, while in realization of rule of law, he called for organizing educative talks on law to ensure public adherence to law.

The planning commission meeting lasted from Wednesday to Thursday.