Oct 9, 2011

Myanmar to host ASEAN-Japan Business Meeting

The 37th Association of Southeast Asian Nations (ASEAN)-Japan Business Meeting (AJBM) will be held in Yangon early next month, sources with AJBM holding committee said Sunday.

To make development of potential trade and economic relations between ASEAN and Japan, the three-day meeting is scheduled to take place at Sedona Hotel in Yangon from Nov. 2 to 4.

Such business meeting with ASEAN and Japan will be the first of its kind hosted by Myanmar.

A large number of entrepreneurs from all ASEAN countries and Japan will participate to discuss on the fields of economic, trading and investment cooperation, the sources said.

Some the memorandum of understanding (MoU) related with industry, hotel and tourism sectors will also be signed during the meeting, it added.

"We had tried to host such meeting four years ago, "U Khin Shwe, a Myanmar top entrepreneur, who will be also the chairman of upcoming AJBM told Xinhua.

"A total of 120 chairmen and top entrepreneurs from ASEAN countries and Japan as well as over 120 Myanmar entrepreneurs are listed to attend", he said.

"It is the best time to explore the opportunities to invest in Myanmar as the new government is making changes on economic and other sectors," he added.

Myanmar joined the ASEAN along with Laos in July 1997, ratified the ASEAN Charter in July, 2008.

Last month, Myanmar was admitted to the ASEAN Inter- Parliamentary Assembly (AIPA) as a permanent member which was announced at the 32nd AIPA held in Phnom Penh, Cambodia.

It expects to adopt a variety of documents on political, economic, social and women affairs, rights of migrant workers, and drug fighting in order to build stronger cooperation and relations among the ASEAN member countries.

ASEAN comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Japan and ASEAN share a close relationship based on a long history of friendship.

Source: Xinhua