2 July 2018
China (Dezhou) Myanmar Trade and investment cooperation seminar took place with the assistance of UMFCCI in Yangon on Monday.
The seminar aims to boost business cooperation between Chinese and Myanmar entrepreneurs. The Chinese entrepreneurs are now showing interest to invest in Myanmar’s energy, agriculture, manufacturing and industry sectors.
Chairman, CCOIC, Li LianJun said “We came here with our delegation for business matching with Myanmar entrepreneurs and government too. We’re really interested in energy, agriculture and manufacturing sectors. Officials would also explain about the investment laws and environment as well as policies in this seminar.”
Myanmar entrepreneurs, in this seminar, answered questions on investment issues raised by Chinese entrepreneurs. Both sides hope for more foreign investment and greater business cooperation between China and Myanmar.
With over 25 billion USD worth investment, China is the largest foreign investor among 49 countries making investment in Myanmar, according to the Directorate of Investment and Company Administration (DICA).
Deputy Director General, DICA, Malar Myo Nyunt said “We expect Chinese entrepreneurs also to invest in SME and manufacturing sectors as well. This seminar brought business opportunities to both sides, Myanmar and China.”
This seminar attracted 17 Chinese enterprises and they showed interest to run joint ventures with local entrepreneurs and the government.