Union Minister Dr Than Myint addresses Myanmar Korea Desk

Union Minister for Commerce Dr Than Myint addressed the opening ceremony of Myanmar Korea Desk held in Lotte Hotel, Yangon, through a video message yesterday afternoon. He firstly expressed words of thanks to officials from both Korea and Myanmar for their efforts to open the Korea Desk despite the challenges and restrictions of the
COVID-19 crisis.
He added the MoU between Korea Trade-Investment Promotion Agency of the Ministry of Trade, Industry and Energy of the ROK and the Ministry of Investment and Foreign Economic Relations and the Ministry of Commerce from Myanmar, during the Korean President Mr Mon Jae-in’s visit to Myanmar. The Union Minister said the Korea Desk would be able to provide trade and investment information to Korean and Myanmar entrepreneurs, to share business guidelines and facilitate trade and investment between the two countries, as well as relevant government departments and agencies.
Although trade between Myanmar and Korea increased by 17.3%, the agricultural sector, technology and e-commerce sectors are still in need of cooperation. On 15 November, Myanmar signed the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement with 15 countries, providing an opportunity for foreign investment and job opportunities including from ASEAN countries.
On the other hand, he said, local businesses need to study and prepare in advance as economic competition will increase. The ceremony was attended by Economic Advisor to the President Office of the ROK, the Korean Ambassador to Myanmar, officials from KOTRA and KOCHAM, Ministry of Commerce and UMFCCI.—MNA (Translated by Ei Phyu Phyu Aung)

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