Home MMBIZ News Belarus Says Ready to Invest in Myanmar

Belarus Says Ready to Invest in Myanmar

Belarus is ready to promote cooperation with Myanmar in a number of areas, the Eastern European country’s Prime Minister Mikhail Myasnikovich said.

“… we have considered a number of options for expanding our trade and economic cooperation. In particular, we can discuss the provision of export loans for individual Belarus-made products, supplies of civilian machines on terms of leasing or postponed payments,” the Belarusian Prime Minister said in a statement, as he met with Commander in Chief of the Myanmar Army Min Aung Hlaing in Minsk.

“We are ready to discuss matters of investment cooperation in Myanmar,” he said, adding that matters on industrial cooperation, power engineering and infrastructure could be the key areas.

Cooperation in healthcare, production of medications and agriculture are some other potential sectors, he added.

“We consider setting up manufacturing enterprises [in Myanmar] taking into account our abilities, including investments. We are also ready to transfer technologies and know-how,” the Belarusian head of the government said.

Current trade between Belarus and Myanmar totals only $2.3 million.

Belarus and Myanmar have signed a number of agreements to create the legal base for stepping up the bilateral interaction.

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