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August 10, 2018

Ethnic entrepreneurs’ association to be established soon

Employees monitoring weaving machine in Meiktila, Mandalay Region.  Photo: Chan Thar (Meiktila)
Employees monitoring weaving machine in Meiktila, Mandalay Region.  Photo: Chan Thar (Meiktila)

Ethnic entrepreneurs across Myanmar are planning to establish a new business association, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).
The new association will represent entrepreneurs in regions lagging behind in development. The formation of the ethnic entrepreneurs’ association is aimed at promoting balanced development between urban and rural areas, and ensuring private sector development.
U Aye Win, joint general secretary of the UMFCCI, said the new association would officially be formed within a month.
He made the announcement at a recent ceremony held on 8 February in Yangon to confer an honourable certificate by the Ethnic Affairs Ministry on the UMFCCI for successfully holding an ethnic sustainable development forum in Nay Pyi Taw last month.
Dr Aung Tun Thet, advisor of UMFCCI, said, “It is important to establish an economic pattern that helps support the conservation of environment, protection of human rights and opposition of corruption in regions
where majority of ethnics are residing.”
All ethnic entrepreneurs from the regions and states have been invited to participate in the national association for private sector development.
The UMFCCI has pledged to support the establishment of an ethnic entrepreneurs’ association and form brother associations in different regions and ethnic groups in the future.

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