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Seminar on Myanmar-Japan Economic C
- Subject: Seminar on Myanmar-Japan Economic C
- From: darnott@xxxxxxxxxxx
- Date: Tue, 29 May 2001 05:22:00
Xinhua, May 29, 2001, Tuesday 1:31 AM Eastern Time
Seminar on Myanmar-Japan Economic Cooperation Held in Yangon
DATELINE: YANGON, May 29
The fourth seminar on Myanmar-Japan economic cooperation is being held here
to review the two
countries' economic cooperation in the last few years.
The two-day seminar, which began on Monday, is also aimed at exploring
opportunities and prospects
for wider economic cooperation between Myanmar and Japan, encouraging
Japanese entrepreneurs to
make more investment in Myanmar and conducting technical and training
programs for development of
Attending the seminar are officials of five Myanmar ministries and the
Union of Myanmar Federation
of Chambers of Commerce and Industry (CCI) as well as Japanese entrepreneurs.
In February 1998, Myanmar and Japanese federations of CCI established an
committee to work for the enhancement of bilateral economic cooperation
between the two countries.
Japan, which was once Myanmar's biggest donor country, suspended its aid to
Myanmar in 1988 on
account of the country's domestic political reason, but resumed its
humanitarian aid since 1995. Of the
aid, that in 2000 amounted to 1.5 billion yens (12.78 million U.S.
dollars), a 70.45 percent increase
In addition, the Japanese government also resumed in March this year its
official development assistance
(ODA) to Myanmar which had been suspended for 13 years by extending 849
million yens (6. 98
million dollars) of the ODA.
Besides, Japan has also extended to Myanmar for 19 times a total debt
relief of 386.45 million dollars.
According to official statistics, since Myanmar opened to foreign
investment in 1988, Japan's
investment in the country has reached 232 million dollars in 22 projects,
covering the sectors of oil and
gas, manufacturing, real estate, mining and hotels and tourism. The
Japanese investment ranked the ninth
in the line-up of Myanmar's foreign investors coming from 25 countries and
Meanwhile, Japan has become Myanmar's fifth largest trading partner after
Singapore, China, Thailand
and the Republic of Korea. Its bilateral trade with Myanmar stood at 265.61
million dollars in 2000,
accounting for 6.5 percent of Myanmar's foreign trade of 4.086 billion
dollars during the year.