UNION
MINISTER for Investment and Foreign Economic Relations U Thaung Tun highlighted
Myanmar’s economic and investment opportunities and latest investment related
reform initiatives during the meetings and bilateral discussions as part of
Myanmar’s participation in the 2019 Annual Meeting of the World Economic Forum
held in Davos-Kolsters, Switzerland, from 22 to 25 January 2015. Under the
theme “Globalisation 4.0: Shaping a Global Architecture in the Age of the
Fourth Industrial Revolution,” the Union Minister exchanged views on
international procedures and best practices of investment and trade
facilitation with heads of State and Government, Ministers, Senior Officials
from International Organizations and business leaders.
Union
Minister attended the Opening Session and Special address as well as Informal
Gathering of World Economic Leaders, held on 22nd and 23rd respectively.
At
the High Level Roundtable on Global Investment Trends held by the UNCTAD with
the aim to discuss solution for the slowdown in global investment and global
value chain, Union Minister, in the role of one of the lead Speakers, talked
about legal reforms, procedural reforms and institutional reforms taken in
Myanmar to facilitate investment. In explaining the economic and investment
opportunities, Minister also drew the attention to newly initiated Myanmar
Sustainable Development Plan and Myanmar Investment Promotion Plan to attract
more than 200 $ billion of sustainable, responsible and quality business over
the next 20 years. In the sideline events under the themes “Bridging the Asian
Demographic Divide”, “Shaping ASEAN’s agenda in the Global Context”, “Smarter,
Better, Faster Trade”, Union Minister exchanged views with other senior
officials and business leaders on investment and trade facilitation.
He
underscored that Myanmar was now in the midst of a series of ambitious
liberalization measures intended to open up new sectors to foreign competition
and regional collaboration, making Myanmar an attractive destination for FDI
going forward. Minister called attention to how the country is now seeking to foster
the development of creative industries.
The
Minister also praised the ASEAN Smart Cities Network, in which Mandalay is an
active participant, as an effective initiative for ASEAN members to harness
technological and digital solutions.
At
a special event on Investment in Myanmar, Union Minister, as a Special Guest,
held interactive discussion with entrepreneurs who are investing in Myanmar.
U
Thaung Tun also delivered a statement on the position of Myanmar at the
Informal Ministerial Gathering to launch the 2nd Joint Statement on Electronic
Commerce, for which Myanmar has co-sponsored together with other 75 WTO
members.
In
his statement, Union Minister underscored that the Government of Myanmar
“…reaffirms our commitment to doing all that is necessary to facilitate our
successful transition toward an inclusive digital economy, and to supporting
the expansion of e-commerce.”
The
Union Minister also noted that Myanmar shall “…capitalize on this transition to
enhance public services delivery, and bring services closer to communities”,
and that in doing so Myanmar “will seek to expand connectivity and access to
online services, support innovation and data literacy while ensuring security
and online privacy.”
During
the sideline of the meeting, Union Minister also met separately with Senior
Officials from WEF as well as ICRC.
He
also discussed the expansion of business and investment in Myanmar and further
cooperation with Presidents/ CEOs of JICA, Sumitomo Corporation, Oredoo, GE Gas
Power, Telenor as well as with Amata Corporation from Thailand Visa from the
U.S, Geox from Italy in the separate meetings.
This
year’s WEF meeting brings together more than 3,000 attendees, including 65
heads of State/ Government, more than 300 government Ministers, UN
Secretary-General and Senior Officials from International Organziations, and
business leaders including some 800 CEOs to discuss major global issues of the
day and to brainstorm on solutions to address these challenges, according to
the Ministry of Investment and Foreign Economic Relations.
MNA
Photo:
MNA
Ref;
The Global New Light of Myanmar
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