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Myanmar, S. Korea to improve co-operation in commerce, investments - Xinhua
Yangon, April 24 (Xinhua) -- Myanmar and Korea hold ministers' meetings on increased co-operation on Nay Pyi Taw trading and investments, the Myanmar News Agency said on Tuesday. Myanmar's mission was chaired by Minister of Commerce Than Myint, while the country's side was chaired by Minister of Commerce, Industry and Energy Kim Hyun-chong.
Both sides spoke on issues related to the establishment of an industry park for Korea businesses that invest in Myanmar, the establishment of a Korea Desk and enhanced co-operation between the Department of Foreign trade facilitation of the Ministry of Foreign Affairs of Myanmar and the Korea Trade and Investment Promotion Agency. Discussions were also held on the deployment of officials to South Korea for education in trade-related information, the provision of assistance in the establishment of a data base for the implementation of e-commerce and the implementation of the already concluded Memorandum of Understanding on the facilitation and safeguarding of trades and investments.
In the margins of the discussions, State Councillor and Minister of State Aung San Suu Kyi and Kim exchanged ideas on improving current bi-national business ties. In Myanmar, Kim has shown interest in the establishment of industry parks. Since the end of 1988, South Korea has invested USD 3.788 billion in Myanmar, making it the 6th biggest international donor in the state.
In the 2016-17 financial year, Myanmar's bi-lateral trading with South Korea amounted to USD 866 million, of which USD 510 million had already been recorded in the 2017-18 financial year.
He is a guest researcher at the East Asian Institute, National University of Singapore from November 2013 to May 2014. He was a Postdoktorand an der School of lnternational Affairs and Public Affairs, Fudan University, Chine. He specializes in geostrategic relationships, foreign policy and foreign policy. His research interests are in East Asia, especially Southeast Asia and China.