Deputy Commerce Minister joins Indo ASEAN Oceanic Business Summit & Expo

Deputy Minister for Commerce U Aung Htoo joins digital version of 1st Indo ASEAN Oceanic Business Summit & Expo on 4 August.  PHOTO: MNA
Deputy Minister for Commerce U Aung Htoo joins digital version of 1st Indo ASEAN Oceanic Business Summit & Expo on 4 August.  PHOTO: MNA

Deputy Minister for Commerce U Aung Htoo, as a Guest of Honour, delivered remarks at the 1st Indo ASEAN Oceanic Business Summit & Expo organized by Confederation of India Industry (CII) on 4 August morning.
The Deputy Minister said that the current ceremony is a plan to accelerate the good-drive in economic relation in line with the sustainable development goals among India, ASEAN and Asia-Pacific countries.
It is also expected to sign Regional Comprehensive Economic Partnership (RCEP) agreement by the end of 2020; after the agreement is signed, it will become the world’s largest trading region.
He added the need for cooperation among the signatories to promote competition and strength for post COVID-19 period; the electronic trading system plays key role in the world’s trading sector during the pandemic and should take full advantage of it for the recovery of economy.
Myanmar is striving for economic relief in line with Myanmar Sustainable Development Plan (MSDP) and also constructs Kyaukpyu Special Economic Zone and ports to be able to link with India and other coastal regions.
Mr Hardeep Singh Puri, the Honourable Minister of State of India, ministers and deputy ministers from India, Fiji, the Philippines, Malaysia and Cambodia, Indian ambassador to Myanmar, ambassadors, high-ranking officers, organizations and businesses people from ASEAN and partner countries joined the meeting.
This event was the first of its kind trilateral business summit involving prominent countries from ASEAN and Oceanic region.—MNA(Translated by Khine Thazin Han)

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