June 29, 2017

Breaking News

MoU on Economic Cooperation inked, Mongolia-Myanmar Business Council launched

Mongolian President Mr. Tsakhiagiin Elbegdorj and participants of CEO Conference Mongolia-Myanmar Business Council pose for documentary photos.
Mongolian President Mr. Tsakhiagiin Elbegdorj and participants of CEO Conference Mongolia-Myanmar Business Council pose for documentary photos.

MONGOLIA prefers an intimate relationship to a business-oriented relationship, said Mongolian President Mr. Tsakhiagiin Elbegdorj at the opening of the Mongolia-Myanmar CEO Conference in Nay Pyi Taw yesterday.
In his address, the President said that he visited Myanmar with the aim of strengthening bilateral ties and boosting economic cooperation, pledging to join hands with Myanmar businesspeople in trust.
Likewise, Union Minister for Commerce Dr Than Myint stressed the need for the promotion of trade and investment between the two countries, saying that Myanmar’s challenges faced in technology and infrastructure development will give Mongolia an opportunity.
According to the Union minister, Myanmar exported textile worth US$0.37 million to Mongolia last FY while medicines, tyres, soft drinks, computers and related accessories worth US$0.002 million were imported over the 2015-2016 FY when the two countries began bilateral trade.
During the conference, those present held discussions on ways and means to attract more investment in the sectors of electricity and energy, communication, transport and oil and gas.
Moreover, a paper reading session on banking, mining, communication, transport and investment sectors was held with the participation of experts and officials from ministries concerned and private sector representatives of the two countries.
Next, the establishment of the Mongolia-Myanmar Business Council was announced following the signing of an MoU on Economic Cooperation between Mongolia National Chamber of Commerce and Industry and Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry.

Comments

Related posts

Translate »