China-Myanmar Economic Corridor office opens in Nay Pyi Taw

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Deputy Minister for Commerce U Aung Htoo, Chinese Ambassador Mr. Hong Liang, CECCM Chairman Mr. Liu Ying and Secretary-General of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) U Aung Kyi Soe open the branch office of CECCM in Nay Pyi Taw. Photo: MNA
Deputy Minister for Commerce U Aung Htoo, Chinese Ambassador Mr. Hong Liang, CECCM Chairman Mr. Liu Ying and Secretary-General of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) U Aung Kyi Soe open the branch office of CECCM in Nay Pyi Taw. Photo: MNA

The opening ceremony of the branch office of China-Myanmar Economic Corridor of the China Enterprises Chamber of Commerce in Myanmar (CECCM) was held at Grand Aster Villa Office Building in Nay Pyi Taw yesterday. The office was opened by Deputy Minister for Commerce U Aung Htoo, Chinese Ambassador Mr. Hong Liang, CECCM Chairman Mr. Liu Ying and Secretary-General of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) U Aung Kyi Soe.
Speaking at the event, Deputy Minister for Commerce U Aung Htoo said that over 99 per cent of businesses in Myanmar are Micro- Small and Medium Enterprises (MSMEs) those are playing an important role for Myanmar’s development.
The Deputy Minister then said Chinese businesspersons to cooperate in the developments of MSMEs related to Myanmar’s modern manufacturing, Green Industry and industrial agriculture. There are still financial, technical and market-related difficulties to develop Myanmar’s MSMEs, the Deputy Minister said, appealing assistance from Chinese banks to get development and good opportunities for Myanmar’s MSMEs.
Chinese Ambassador Mr. Hong Liang also said the branch office in Nay Pyi Taw promotes communication and cooperation between the CECCM and relevant Myanmar government departments. It will also be much beneficial to promote the Belt and Road Initiative and China-Myanmar Economic Corridor, the Ambassador added.
The China-Myanmar Economic Corridor Office will help businesspersons of the two countries run their business transparently and smoothly, creating the two nations’ advantages and also help create job opportunities for the people. The matters related to MSDP’s Project Bank and ensuring sufficient electricity, upgrading roads and bridges, improving communications, construction, agriculture, transport and technology, and research will also be tackled from the China-Myanmar Economic Corridor.—MNA (Translated by Kyaw Zin Tun)

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