Thursday 31 October 2013

Japan small business group, Myanmar chamber of commerce ink tie-up

A Japanese small business group and Myanmar's chamber of commerce reached a cooperation agreement Wednesday, aiming to give Japanese small and midsize enterprises access to more information on firms in Myanmar and local investment opportunities.

With signing of the memorandum of understanding by the Organization for Small & Medium Enterprises and Regional Innovation Japan, also known as SME Support Japan, and the Union of Myanmar Federation of Chambers of Commerce and Industry, Japanese businesses can access up-to-date business information obtained by UMFCCI, the Southeast Asian nation's largest business association with more than 20,000 members.

The chamber of commerce will make "all the efforts" necessary to provide a "safe and secure business environment to Japanese companies" through the tie-up with the Japanese group, said UMFCCI Chairman Win Aung at a ceremony in Tokyo, while calling for accelerated private investments from Japan amid Myanmar's economic reforms.

SME Support Japan, an independent administrative body, also eyes holding business matching events on a regular basis.

A spokesman for SME Support Japan said the number of enquiries on Myanmar has increased rapidly over the last two years, but the absence of proper communication channels, differences in business manners and a lack of reliable information has obstructed investments by Japanese small businesses, he added.

source: Global Post
http://www.globalpost.com/dispatch/news/kyodo-news-international/131030/japan-small-business-group-myanmar-chamber-commerce-in 

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