MYANMAR CALLS FOR USABC SUPPORT FOR ECONOMIC DEVELOPMENT
12 Jul 2013 11:19
YANGON, July 9 (Bernama) -- Myanmar's President U Thein Sein says his country
is striving to reduce poverty rate by 16 percent in 2015 and has called for the
support of U.S.-ASEAN Business Council (USABC) for Myanmar's economic
development, Xinhua news agency reported official media as saying.
At a meeting with a business delegation led by USABC president Alexander
Feldman in Nay Pyi Taw on Monday, U Thein Sein said cooperation in technology
and investment could bring mutual interest as Myanmar has huge economic
Besides rich natural resources and adequate manpower, the president said
Myanmar's strategic location also offers a huge market for global investors
eyeing South Asia and Southeast Asia.
On information, communication technology and telecommunications sectors, U
Thein Sein said the government is cooperating with local operators to ensure 80
percent of its population has access to mobile services by 2015.
On his part, Feldman expressed hope for more economic success in Myanmar
where the council has started doing business since a year ago, with investment
to be made in priority areas such as health and education.
In July 2012, the USABC organised a historic business mission to Myanmar
involving more than 70 senior executives from 38 leading U.S. companies to
explore the business environment here.
The council represents over 100 major U.S. corporations, including those
which have been active in Southeast Asia for over 100 years and newcomers
looking to expand their presence in one of the world's most dynamic markets.
Myanmar and the U.S. reached a new bilateral agreement for economic
cooperation last month, materialising U.S. President Barack Obama's November
2012 pledge to provide a US$170-million aid to Myanmar in the next two years.