Home MMBIZ News Norwegian Royal Visit Brings Breakthroughs on Development, Business, Economics

Norwegian Royal Visit Brings Breakthroughs on Development, Business, Economics

Norwegian king Harald V’s state visit to Myanmar has led to pledges to extend economic and business ties and a memorandum of understanding (MoU) on development programs, according to official sources.

In talks with U ThienSein, Harald V discussed bilateral relations, reform and peace-making efforts, post conflict reconstruction, environmental conservation, education, energy, poverty alleviation, tourism, trade, investment and electoral issues.

An MoU was signed regarding cooperation on development programs, even as Norway is already deeply invested in Myanmar.

In a speech at Yangon University, Harald V pledged support to help Myanmar develop sustainable energy, as well as announcing a Norwegian scholarship fund for Myanmar students.

Separately, the king participated in opening ceremonies for the Norwegian-funded Center of Excellence for Greening and ASEAN Institute for Green Productivity at the Ministry of Science and Technology. This is intended to increase ASEAN cooperation in environmentally friendly research, knowledge sharing, education, and training.

During his visit, King Harald V met U ThienSein, parliament speaker U Shwe Mann and Daw Aung San Suu Kyi.

Norway has been involved in Myanmar’s reforms with close cooperation between the Oslo Peace Center and the Myanmar Peace Center, along with aid provided by the Norwegian Red Cross Society.

Norway was the first European country to lift sanctions on Myanmar in 2012, and cancelled $534 million in debt in 2013.

Norway opened an embassy in Yangon in 2012, and Myanmar is planning to open an Oslo embassy in early 2015. President U Thein Sein visited Norway in February.

- Advertisment -

Must Read

TrueMoney Myanmar provideျ health insurance coverage for its agents

TrueMoney Myanmar has provided a total value of 3.2 Billion MMK health insurance coverage to their long-serviced agents and their territory distributors and introduced...