Myanmar will increase collaboration with South Korea to help overcome the economic setbacks

Dr. Than Myint, Union Minister of the Ministry of Commerce, at the first meeting of the Joint Commission for Trade and Industrial Cooperation said that Myanmar will increase economic collaboration with South Korea and he believes it will help overcome the economic setbacks.

“We are grateful to South Korea’s support for the social and economic development of Myanmar. Through these meetings, I strongly believe that cooperation between Myanmar and Korea in the sectors like trade, investment, industry, and power will grow rapidly, and through cooperations, we will be able to overcome the economic downturn globally occurred due to the COVID-19,” he added. 

The meeting, held as a video conferencing, was led by Dr. Than Myint and Mr. Sung Yunmo, Minister of the Ministry of Trade, Industry and Energy, South Korea. 

“Thanks to the reform process implemented by the Myanmar government, investments into the country has grown. I believe that Korea Desk, after launching, will support Korean businesses in Myanmar and help Myanmar products access to the global market. The bilateral trade will also grow by doing more cooperation in trade, investment, industry and power as well as other sectors,” Mr. Sung Yunmo said. 

Korea has made investments in various sectors including the garment sector. 

(Myanmar Business Today: https://mmbiztoday.com/myanmar-and-s-korea-aim-for-more-economic-collaboration/ )

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