Myanmar has invited large Malaysian firms to cooperate in development
of small and medium enterprises (SME) in the country, saying that the
ongoing Showcase Malaysia- 2013 will provide opportunity and ensure
cooperation between entrepreneurs of both countries, official media
reported Friday.
Citing Yangon Region Chief Minister U Myint Swe, the report said
bilateral trade between Myanmar and Malaysia has increased year by year
and the Malaysian entrepreneurs are mulling to make investment in
Myanmar.
Showcase Malaysia-2013, sponsored by Malaysian External Trade
Development Corporation (MATRADE) and began in Yangon on Thursday,
display construction materials, home decoration items, electronic and
household goods, foodstuff and personal goods.
The four-day event will last until this weekend.
Meanwhile, Malaysia-Myanmar ICT Opportunities Seminar and Industrial
Business Meeting were launched in late August to plan introduction of
information and communication technological (ICT) services in respective
sectors to meet high ICT demand in Myanmar.
Myanmar is turning out about 10,000 ICT technicians including about 6,000 from the Universities of Computer Studies yearly.
Under a memorandum of understanding dealing with science and
technology initiated in February, Myanmar and Malaysia will also
cooperate in areas ranging from exchange of scientists, experts and
scholars in implementing joint projects, joint designing, holding joint
conferences and seminars training courses and exchange of research
findings to science and technology information and documents.
According to official statistics, Myanmar-Malaysia bilateral trade
rose 0.7 percent in the fiscal year 2012-13 correspondingly standing
458.82 million U.S. dollars, of which Myanmar's export to Malaysia
accounted for 97.92 million dollars.
source: Mizzima
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