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Government Hopes to Establish Business Dialogue

Myanmar Economic Forum will be established to allow continuous dialogue between private businesses and relevant government departments of seven economic sectors, according to U Win Aung, chairman of Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

“The aim is to create opportunities for businesses to talk about their challenges and obstacles with government departments and find solutions,” he said.

“Most people will think about a one-time event when they hear the term forum but we will hold continuous dialogue,” U Win Aung added.

The seven sectors comprise agriculture, livestock farming and forestry, natural resource-based industries, banking and financing, hotels and tourism, manufacturing and investment, infrastructure and service industries with support teams set up in each sector to reach relevant government departments.

Deputy minister for finance Dr Maung Maung Thein said the government is working with UMFCCI to develop an all-inclusive economic forum.

“The government alone cannot achieve the development of the nation. We need the cooperation of the private sector,” he said.

The forum will also include establishing economic and legal infrastructure to ensure responsibility and accountability in the trade and transaction processes.

A support team to promote Myanmar’s trade and business development has also been formed recently at the request of UMFCCI by a meeting between president U Thein Sein and private businesspeople.

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