ACMECS leaders vow cooperation in investment, trade

President U Thein Sein attends the Dialogue between ACMECS Leaders and Business Sector Representatives. Photo: Aye Min Soe
President U Thein Sein attends the Dialogue between ACMECS Leaders and Business Sector Representatives. Photo: Aye Min Soe

Nay Pyi Taw, 23 June —The 6th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit kicked off Tuesday in Nay Pyi Taw, with all five Southeast Asian member nations affirming to promote investment and trade within the region.
Leaders from ACMECS nations Cambodia, Laos, Myanmar, Thailand and Vietnam also agreed to increase cooperation in key areas including agriculture, energy, human resource development and the environment and adopted the ACMECS Plan of Action 2016-2018.
At the summit, Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, Mr Thongsing Thammavong, Prime Minister of the Lao People’s Democratic Republic, Mr Prayuth Chan-ocha, Prime Minister of the Kingdom of Thailand, Mr Nguyen Tan Dung, Prime Minister of the Socialist Republic of Vietnam and Mr Le Luong Minh, Secretary-General of ASEAN also made keynote remarks.
In his opening address, President U Thein Sein called for the establishment of Mekong University in Kengtung, Shan State in Myanmar, in order to promote cooperation in education, social and cultural sectors.

President U Thein Sein delivers speech at Press Briefing on 7th CLMV Summit and 6th ACMECS Summit.—Photo: Aye Min Soe
President U Thein Sein delivers speech at Press Briefing on 7th CLMV Summit and 6th ACMECS Summit.—Photo: Aye Min Soe

He also called for stepping up efforts for implementation of the ACMECS rice cooperation mechanism and for encouraging consultation and cooperation between ACMECS countries and development partners to promote rice production and ensure food security.
The president also invited investors from ACMECS countries to Myanmar, saying the Myanmar Investment Commission is prioritizing foreign investments which create job opportunities, produce value-added goods and utilise advanced technology.
According to the Nay Pyi Taw Declaration of the 6th ACMECS Summit, the leaders agreed to step up efforts to boost transport networks and economic corridors to promote trade, investment and tourism among the ACMECS countries.
They also agreed to promote cross-border travel and tourism, including easing of visa conditions, in order to realize the concept of “Five Countries, One Destination.”
summitThe leaders agreed to promote the development of power transmission lines and networks across the ACMECS countries and beyond and to encourage the establishment of industrial zones and special economic zones along the ACMECS Countries’ borders.
At the press briefing on the 7th CLMV Summit and the 6th ACMECS Summit, President U Thein Sein said leaders from Cambodia, Laos, Myanmar and Vietnam agreed to continue to implement the current agreements for promoting trade and investment among CLMV countries and to boost trade and investment with non-CLMV countries.
Leaders from ACMECS countries also held a business dialogue with business leaders, focusing on participation of the private sector in national development projects, U Thein Sein said.
Myanmar would take a leading role in implementing the national Zero Hunger Challenge programs among ACMECS countries, he added.
The 7th ACMECS Summit will be held in Vietnam next year. — GNLM

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