Japan companies edge closer to broad Myanmar Investment

Japanese companies are likely to enter Myanmar en-masse to do business soon, a Japanese Chambers of Commerce and Industry spokesperson said on September 28.

The comments were made by JCCI vice president U Nyan Htun following a visit by 93 Japanese JCCI members that met senior Myanmar Investment Commission (MIC) and Ministry of Commerce officials in Nay Pyi Taw on September 27.

The delegation also held a business matching session with Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) members in Yangon on September 28.

The visit was the ninth joint UMFCCI-JCCI meeting.

The two sides discussed possible investment in agriculture, the food processing industry, manufacturing, tourism and infrastructure.

Officials said Japan wants to support Myanmar in its human resource development, as well as provide technical assistance and financial support for the development of the small- and medium-sized enterprise (SME) sector.

Mr Tadashi Okamura, JCCI chairman, said there are many Japanese companies that want to come to Myanmar and the mooted easing of the United States’ import sanctions last week would help to spur economic growth.


(Source Myanmar Time)