Tuesday, 25 March 2014

Japanese FM visits Myanmar to push closer relations

YANGON, March 23 (Xinhua) -- Japanese Foreign Minister Fumio Kishida arrived in Yangon Sunday night for an official visit to Myanmar in a fresh move to push relations with the Southeast Asian nation.

During his two-day visit, Kishida will call on President U Thein Sein and hold talks with his Myanmar counterpart U Wunna Maung Lwin in Nay Pyi Taw on promotion of economic cooperation.

He will also meet opposition leader Aung San Suu Kyi.

Kishida is expected to reaffirm Japan's support for economic and democratic reforms in Myanmar.

In May last year, Japanese Prime Minister Shizo Abe visited Nay Pyi Taw, pledging a total of 91 billion yen in aid to Myanmar for the development infrastructure projects in the Thilawa Special Economic Zone, rural region development, poverty alleviation and human resources development.
Japan then also waived the remaining 188.6 billion yen debt owed by Myanmar.

In December of the year, U Thein Sein visited Tokyo and attended the ASEAN-Japan Summit where Myanmar received another 63 billion yen Japanese loan.

So far, the total aid of Japan to Myanmar has reached more than 150 billion yen.

According to official statistics, bilateral trade between Myanmar and Japan totaled 1.414 billion U.S. dollars in 2012.

Japan's investment in Myanmar amounted to 301.11 million U.S. dollars at the end of 2013, standing at the 10th place in Myanmar' s foreign investment line-up.

source: Shanghai Daily
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