The market and population of GMS contribute to agricultural trade between China and GMS countries while facing global and regional trade challenges.
Now is the time for GMS countries to cooperate with each other and seek possible programmes to do cooperation as digital system implementation and its existence plays a key role in economic development, said Union Minister for Investment and Foreign Economic Relations Dr Kan Zaw at the 2023 GMS Economic Corridor Governors Forum in Kunming of the People’s Republic of China yesterday morning.
The Union minister expressed his belief that the market and population of the GMS can contribute to the agricultural trade between China and other GMS countries while facing global and regional trade challenges.
He pointed out that the agricultural trade is important for meeting the target of ending starvation in 2030, contributing to the livelihoods of the farmers and the people working in the food supply chain. It aims to reduce food insufficiency and choose better foodstuffs across the world, he added.
The Union minister noted that the countries in individuals and the GMS have three policies on free trade agreements to further strengthen economic cooperation inside and outside the region, strategies for better investment laws and investment amounts, and investment frameworks in the GMS region.
The forum was also attended by Union Minister for Information U Maung Maung Ohn and Myanmar delegation members together with officials from Yunnan Provincial Government and delegates from Cambodia, Laos and Thailand as well as ADB and South Asian countries.
Myanmar decided to host the 26th GMS ministerial level meeting 2023 in Nay Pyi Taw in the coming December. Delegates can share experiences with one another on the smooth investment processes, digitalization, creation of connections with regional governments, and participation of the private sector in the GMS plans and the regional investment frameworks. At the forum, officials of Yunnan Province, Thailand and Laos signed the memorandum of understanding on economic cooperation.
In Q1 in 2023, the trade value between Yunnan Province of China and five Lancang-Mekong countries scored some US$3.4 billion, and its rate is increasing year after year. Its value of 634 direct investments amounted to $8.247 billion.
On the afternoon of 16 August, Union Minister U Maung Maung Ohn held discussions with Mr Yang Guo Rei, Deputy Chief of National Radio and Television Administration-NRTA, heads of Yunnan Province Radio and TV Administration and Yunnan Media Group-YMG on the promotion of cooperation in the media sector and development measures.
Union Ministers Dr Kan Zaw, U Maung Maung Ohn and U Aung Naing Oo attended the 4th Lancang-Mekong Audiovisual Week, the opening of the National Theme Day for Cambodia and entertainment.
In the afternoon, Union Minister U Maung Maung Ohn viewed round systematic packaging of foodstuffs and personal goods as well as grasping the market share of goods in Yunnan Province at the 7th China-South Asia Exposition and the 27th China Kunming Export and Import Fair in Kunming and gave instructions on the better export process of Myanmar products in line with the restrictions of China and Yunnan Province.
The Union minister also visited the Yunnan medications exhibition and instructed officials to fulfil the need for the process for showcasing medications in Myanmar. While in Kunming, the Union minister viewed round the work process of setting the logo of Yunnan Daily in Kunming from 1950 after making preparations in 1948, the progress of the daily in decades, managing the online media as well as print media, and publishing nine dailies and nine magazines, and instructed officials to promptly implement cooperation with Yunnan Daily including exchange of news. — MNA/TTA
