Myanmar seeks Chinese investment in promising industries at Mandalay Region Trade, Investment, and Tourism Promotion Conference

UNION Minister for Commerce U Aung Naing Oo, currently in Nanning, Guangxi Zhuang Autonomous Region in the People’s Republic of China, addressed the Mandalay Region Trade, Investment and Tourism Promotion Conference yesterday.

In his speech, the Union minister said the Mandalay Region is strategically located for the China-Myanmar railway project, China-Myanmar Economic Corridor (CMEC) project, East-West Economic Corridor and South-West Economic Corridor of GMS. Therefore, it was selected as the City of Charm at the China-ASEAN Expo.

As Mandalay is situated at the junction of regional trading routes of economic corridors, the Chinese business people should invest in promising businesses such as food production, garment industry, finished gems and jewellery business, renewable energy and logistics sectors.

At the event, relevant officials also presented matters related to the Mandalay Myotha Industrial Zone project, Amarapura Tourism project, Mingala Mandalay project, Yetaguntaung City project, and fruits and vegetables of Myanmar.

Moreover, they signed five agreements including the Cooperation Agreement of the Luban Workshop Operation Project in Myanmar, two MoUs on economic cooperation, cooperation agreements on trading and supply and honey trading at the event. 

Source: The Global New Light of Myanmar

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