Myanmar, Japan to boost collaboration on SME development

Source : The Global New Light of Myanmar
View Count : 3477
Apr 21, 2017

Myanmar business leaders will work together with Japanese entrepreneurs to implement the development plan for the country’s immature small-and-medium-scale enterprises (SMEs), according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).
       U Zaw Min Win, president of the UMFCCI, said that the representatives of the federation will leave for Japan’s Osaka, a large port city and commercial center, last week of this month to sign a cooperation agreement with Japanese officials.
       The delegation schedules to stay there between 25 and 28 April.
       This is part of the federation’s efforts to promote the developing SMEs, which need monetary assistance for further business expansion.
       After signing the bilateral agreement with Japan, better opportunities for SMEs will be created through special programmes designed under the agreement.
       The development strategies for SMEs are planned to be submitted to the government, said U Zaw Min Win.
       He also said that elimination of all forms of illegal trade through collaborative efforts of the government and private entrepreneurs plays an important role in promoting the country’s economy.



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