Business matching event for French, Myanmar firms held at UMFCCI

The business meeting between French businessmen and Myanmar officials being held in Yangon.  Photo: supplied
The business meeting between French businessmen and Myanmar officials being held in Yangon.  Photo: supplied

French entrepreneurs met with their Myanmar counterparts at a business matching event organized on Monday at the headquarters of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).
The French businessmen were led by Mr Francois Corbin, President of the French-Myanmar Business Council and ASEAN Committee for MEDEF International. They were accompanied by the French ambassador to Myanmar Mr. Christian Lechervy.
The French delegation included 20 entrepreneurs engaged in energy, water and sanitation, railway transportation services, infrastructure building, banking and micro-finance services, gas, food, water transportation services, road transportation, and trading businesses.
UMFCCI President U Zaw Min Win gave the welcoming message at the event. He said Myanmar currently has good potential for boosting trade and promoting foreign investment.
“France is a developed country in terms of manufacturing, science and technology innovations, and economy. I hope this business matching will bring greater cooperation and benefits to the two countries,” he said.
Afterwards, Mr Christian Lechervy said the business matching event aimed to explore opportunities to link French entrepreneurs with their Myanmar counterparts, encourage interaction between private sector players, and promote opportunities through business relations.
As part of the programme, French entrepreneurs will also visit the Thilawa Special Economic Zone to explore potential investment opportunities.
In addition, vice president Dr. Maung Maung Lay spoke about the current economic climate and the investment and trade situation in Myanmar. Entrepreneurs from the two countries discussed potential investments and business opportunities.
Between 1988 and December, 2019, 22 enterprises from France have brought in foreign direct investments of over $550 million into Myanmar, according to data on existing enterprises provided by the Directorate of Investment and Company Administration.—GNLM (Translated by Ei Myat Mon)

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