Japanese entrepreneurs are seeking cooperation in boosting trade and investment in Myanmar, state-run media reported.
A meeting on bilateral trade conditions was held recently between U Win Myint, minister for economy, and Katsumata Nobuo, chairman of the Japan-Myanmar Economic Committee of KEIDANREN (Japan Business Federation).
The meeting focused on promotion of trade and investment between the two countries, trade convenience and development of human resources and infrastructures such as road, bridges and electricity.
According to official statistics, Myanmar and Japan had a total trade volume of $1.5 billion in fiscal year 2012-13, of which Myanmar’s import from Japan reached $1.09 billion, while its export to the East Asian nation stood at $406.49 million.
Japan’s investment in Myanmar amounted to $273.423 million as of July, making it 11th in Myanmar’s foreign investment line-up.