Luxembourg entrepreneurs encouraged to invest in Myanmar

Ambassador U Soe Lynn Han, Head of the Mission of the Republic of the Union of Myanmar to Belgium, the Netherlands, Luxembourg and the European Union (European Commission), invited foreign investments from Luxembourg, according to the Ministry of Foreign Affairs.
The fourth ASEAN Day 2024 was held under the theme of “Connecting the dots for a sustainable future” at the Luxembourg Chamber of Commerce on 3 June.
Myanmar Ambassador U Soe Lynn Han attended and elaborated on investment opportunities and challenges. Then, he invited foreign investments from Luxembourg.
Myanmar has enjoyed unilateral trade preference from the EU’s Generalized Scheme of Preference (GSP) and Everything but Arms (EBA Programme).
The Myanmar Ambassador attracted Luxembourg investors to produce import-duty-free goods in Myanmar under the GSP and EBA that can create jobs for locals. Following the presentation of the respective ambassadors from ASEAN regarding investment opportunities in the region, ASEAN representatives met with business delegates from Luxembourg separately and further discussed business and investment opportunities.
Prince Guillaume of Luxembourg attended the 4th ASEAN Day 2024 as honorary chairperson of the Board of Economic Development of the Grand Duchy of Luxembourg, an agency for economic promotion and development.
Mr Xavier Bettel, Deputy Prime Minister of Luxembourg and the Minister for Foreign Affairs and Trade, and Mr Lex Delles, Minister for Economy, SME, Energy and Tourism, also attended the event and joined a business lunch with ASEAN ambassadors.
ASEAN Day 2024 is a biannual event organized by the Luxembourg Chamber of Commerce and ASEAN-Brussels Committee to provide a platform for Luxembourgish companies to exchange information between Luxembourg and ASEAN and explore business opportunities in the ASEAN region. 

Source: The Global New Light of Myanmar

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