July 05, 2017

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ROK, Myanmar to cooperate in sectorwise development

President  U Thein Sein and  Dr. Thok-Kyu Limn, Founder and President of Diplomacy  magazine. mna
President U Thein Sein and Dr. Thok-Kyu Limn, Founder and President of Diplomacy magazine. MNA

Busan, 11 Dec—Myanmar President U Thein Sein held talks with his South Korean counterpart Madam Park Geun-hye on Thursday morning in Busan, amid his visit to her country for an ASEAN-South Korea summit, and discussed with her about promotion of cooperation between their countries ‘ governments, peoples, parliaments and armed forces.
They focused on cooperation in the agriculture, livestock breeding, industrial and rural development sectors; improvement of SME industries for production of value-added agricultural and livestock products; promotion of trade, investment, culture, education and health sectors; development of ports, waterways, electricity and energy sectors; peace and stability on the Korean Peninsula; and nonproliferation of weapons of mass destruction.

President U Thein Sein meets ROK President Park Geun-hye.—mna
President U Thein Sein meets ROK President Park Geun-hye.—MNA

Myanmar and South Korea have arranged to hold events to mark the 40th anniversary of diplomatic relations between the two countries in 2015.
President Park accepted her Myanmar counterpart’s invitation to visit to his country at an opportune time. Her predecessor Lee Myung-Bak’s visit to Myanmar in May 2012 was the first by a South Korean president in three decades.
South Korea extends assistance to Myanmar by implementing projects involving its Official Development Assistance, Economic Development Cooperation Fund and Korean International Cooperation Agency.
As an example of South Korea-Myanmar cooperation, a ceremony to launch the Myanmar Development Institute  and the Saemaul-Undong-New Village/Community Movement was held at Myanmar International Convention Centre in Nay Pyi Taw on 2 December, aimed at reducing the development gap between urban and rural areas in Myanmar.
South Korea is the sixth largest trade partner of Myanmar with trade valued at US$1.57 billion in the 2013-14 fiscal year. Its companies invested US$3 billion in Myanmar through September 2014.
President U Thein Sein received Dr. Thok-Kyu Limn, Founder and President of Diplomacy magazine at Paradise Hotel in Busan on Thursday.
The president explained that Myanmar expects to restore eternal peace after all armed conflicts have come to an end, to graduate from the category of Least Developed Countries and to become a middle-class-income country by 2020. To be able to do so, he said, Myanmar is building sound foundations and carrying out reform processes in the nation.

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