Myanmar, EAEU discuss bilateral economic relations

The Ministry of Investment and Foreign Economic Relations and Eurasian Economic Commission organized a dialogue on promoting bilateral trade and investment between Myanmar and Eurasian Economic Union (EAEU) in Nay Pyi Taw yesterday.
During the meeting, Union Minister for Investment and Foreign Economic Relations U Aung Naing Oo said the discussions are being made to sign the Memorandum of Cooperation to promote bilateral investment and trade between the country and EAEU. The win-win situation for the economic sector will be added to the MoU.
Among the EAEU member countries, the government makes efforts to sign agreements for bilateral trade promotion and defence services with Russian Federation and Belarus.
Moreover, the Union Minister discussed the reforms for investment policies and investment sector of the country to revive the economy in the post COVID-19 period and he called for more cooperation in the agriculture and livestock sector, fertilizer production sector, cooking oil sector, electric power and energy, basic infrastructure, in increasing export volumes to the EUEA member countries and importing fertilizers, oil and gas and farming machines to the country.
Then, Mr Andrey Diansky of the Eurasian Economic Commission-EEC and Chairman of Myanmar-Russia Association for Friendship and Cooperation Commodore Aung Thaw (Retired) discussed the potential on the promotion of trade and investment. Then, the Deputy Minister for Investment and Foreign Economic Relations and Senior Officer of Eurasian Economic Commission-EEC also discussed the main sectors to cooperate such as trade and investment, electric power and energy, agriculture and livestock breeding, mining, infrastructure, information and transportation, industrial and financial sectors. They also explained the law, rules and regulations and opportunities.
After the meeting, Deputy Minister for Investment and Foreign Economic Relations U Than Aung Kyaw hosted a dinner to the representatives of EAEU and Myanmar. — MNA