Myanmar, Japan economic cooperation committees meet in Yangon

15:18, November 03, 2009      

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The Economic Cooperation Committees of Union of Myanmar Chambers of Commerce and Industry (UMFCCI) and the Japan Chambers of Commerce and Industry (JCCI) have met here to seek ways of boosting trade and investment between the two countries, the official newspaper New Light of Myanmar reported Tuesday.

The 7th joint meeting of the economic cooperation committees of the UMFCCI and JCCI discussed economies of Myanmar and Japan, and further cooperation between the two business organizations.

The UMFCCI was headed by its chairman U Win Myint, while the JCCI by its president Sumitaka Fujita who is leading an economic delegation on a current visit to Myanmar.

Myanmar and Japan have been cooperating in a number of sectors and Japan traditionally stands as Myanmar's biggest donor country.

Japan's investment in Myanmar, according to figures, so far amounted to 216.76 million U.S. dollars in 23 projects since 1988.

The bilateral trade between Myanmar and Japan stood 341.8 million dollars in the 2008-09 fiscal year, of which Myanmar's export to Japan amounted to 179.6 million dollars with Japan ranking the 6th in Myanmar's exporting countries line-up. Myanmar's import from Japan took 162.2 million dollars.

Source: Xinhua
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