UMFCCI forms Myanmar Ethnic Entrepreneurs Association for sustainable development

To encourage ethnic entrepreneurs and sustainable development in their regions, the Myanmar Ethnic Entrepreneurs Association (MEEA) was formed last Saturday at the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) office in Yangon.
MEEA is made up of some 27 ethnic entrepreneurs, including Bamar, Kachin, Kayin, Kayah, Chin, Shan, Rakhine and Mon ethnic groups.
“The main objective is to encourage ethnic entrepreneurs and develop interaction among them in the underdeveloped areas.
MEEA will try to link them with financial institutions,” said U Min Banyar San, vice chairman of Mon State Chamber of Commerce and Industry, who was selected as general secretary of MEEA.
The UMFCCI formed MEEA, in cooperation with the Ethnic Affairs Ministry and United Nations Global Compact Network, as Myanmar’s ethnic entrepreneurs are integral to bring about socio-economic development in the country.
Tourism, agriculture and livestock sectors will be given priorities in the implementation process, as the ethnic regions have poor basic infrastructure, such as power and transport. Additionally, MEEA will help link the entrepreneurs with foreign investors, said U Min Banyar San.
“Regional instability is the main challenge to inviting investors. However, a sustainable development project is compulsory across all ethnic areas, and so, we will make self-help efforts to establish the businesses,” he added.
U Zaw Aye Maung, Rakhine Ethnic Affairs Minister of Yangon Region government, noted that the association aimed to facilitate business, education, health and socially sustainable development activities in the regions and states. Cooperation among the ethnic entrepreneurs can help build trust and Myanmar’s peace process.
Dr. Aung Tun Thet, advisor of UMFCCI, suggested that the ethnic entrepreneurs expand tourism businesses, improve border trade and organise traditional food, apparel and handicrafts events on an enormous scale, by joining hands with the related ministries, commerce and trade organisations.
Ethnic entrepreneurs will execute the businesses with the help of related state and regional entrepreneurs’ associations, UMFCCI and the officials concerned.

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