December 17, 2016

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Development On Dawei — Myanmar, Thailand, Japan sign agreements to share SEZ

Representatives of Myanmar, Thailand and Japan signed the agreements on the Dawei SEZ in Bangkok, Thailand. Photo: MNA
Representatives of Myanmar, Thailand and Japan signed the agreements on the Dawei SEZ in Bangkok, Thailand. Photo: MNA

Myanmar, Thailand and Japan signed a shareholder agreement and a framework agreement yesterday for the development of the Dawei Special Economic Zone.
In his speech at the 5th Myanmar-Thailand high-level joint committee meeting on the implementation of the Dawei SEZ in Thailand yesterday, Vice President U Nyan Tun hailed Japan’s participation in the project, hinting that the project would speed up thanks to the inclusion of Japan.
The development of the Dawei SEZ is expected to benefit not only Myanmar and Thailand but also other countries in the region, as the special economic zone would become a link to the corridor between the Greater Mekong Sub-region and India.
Japan, Thailand and Myanmar recently signed a Memorandum of Intent (MoI) to build the Dawei Special Economic Zone in Myanmar as part of the “New Tokyo Strategy 2015 for Mekong-Japan Cooperation,” adopted during the 7th Mekong-Japan Summit on July 4.
Japan agreed to participate in the project on 30 January 2015. It was revealed that they will hold equal partnership to Thailand and Myanmar in the Dawei Special Economic Zone Development Co. and provide technical and financial support for the project.
The Dawei Special Economic Zone will include a deep-sea port surrounded by an economic zone covering some 200 square kilometres, an expressway and heavy industry facilities.
Following the signing ceremony, Myanmar, Thailand and Japan held the 5th meeting on cooperation in implementation of the Dawei SEZ and related projects.
Vice President U Nyan Tun held talks with Thailand’s Deputy Prime Minister Dr Somkid Jatusripitak yesterday morning to discuss the timely completion of the Myanmar-Thai Friendship Bridge No. 2, promoting bilateral trade, investment and SMEs, stock shares and the electricity and energy sectors.—Myanmar News Agency

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