Mar 11, 2013

Myanmar, U.S. to cooperate in wide range of sectors

Myanmar and the United States have vowed to cooperate in a wide range of sectors, official media reported Saturday.

It was touched upon when Myanmar Vice President U Nyan Tun met with Administrator of U.S. Agency for International Development ( USAID) Dr. Rajeev Janardan Shah in Nay Pyi Taw Friday.

The Myanmar-U.S. cooperation programs cover control of HIV/AIDS, healthcare services for children and women and reduction of mortality rate, development of research work and higher education in linking universities of the two countries.

The programs also deal with humanitarian aid to Myanmar, investment of U.S. companies and development of agricultural sector in the country.

In a separate meeting between Shah and Speaker of Myanmar's House of Representatives U Shwe Mann, the pair discussed amity and cooperation between the two parliaments, poverty reduction in Myanmar and cooperation in agricultural, livestock breeding, education and health sectors.

Meanwhile, the U.S. Chamber of Commerce (USCC) and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) signed a memorandum of understanding (MoU) at a U.S.-Myanmar trade and investment symposium held here in February in a bid to promote bilateral trade and investment between the two countries.

In the same month, the Obama administration also eased sanctions on four major Myanmar banks allowing transactions with them and their access to American financial system.

Source: Xinhua