Dec 7, 2012

Japan, Myanmar to negotiate investment treaty

Japan and Myanmar will start official negotiations for a bilateral investment treaty next Tuesday in the Myanmar city of Yangon, the Economy, Trade and Industry Ministry said Thursday.

"We plan to discuss the substance of the treaty in pursuit of an early conclusion of the negotiations," Kyodo quoted a statement released by the ministry as saying.

The two countries agreed last December to negotiate an investment pact during a foreign ministers' meeting. The pact will create a friendlier environment for Japanese companies to do business in Myanmar.

Source: Xinhua