A meeting on bilateral trade conditions was held between U Win Myint, Myanmar minister of economy, and Katsumata Nobuo, chairman of the Japan-Myanmar Economic Committee of KEIDANREN (Japan Business Federation), said the New Light of Myanmar.
The meeting focused on promotion of trade and investment between the two countries, trade convenience and development of human resources and infrastructures such as road, bridges and electricity.
According to official statistics, Myanmar and Japan had a total trade volume of 1.50 billion US dollars in fiscal year 2012-13, of which Myanmar's import from Japan reached 1.09 billion dollars, while its export to the East Asian nation stood at 406.49 million dollars.
Japan's investment in Myanmar amounted to 273.423 million US dollars as of July 2013 since Myanmar opened to such investment in late 1988, standing in the 11th place in Myanmar's foreign investment line-up.
source: Global Times
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