Myanmar, Chittagong businesses agree to boost trade
Saturday, 11 October 2008

MoU signed

Staff Reporter

Myanmar's top level delegation have signed a memorandum of understanding (MoU) with Chittagong businessmen to enlarge trade and communications.

Its national planning and economic development minister U Soe Tha has said his country has taken a raft of measures to up trade with Bangladesh to $500 million.
 
He led a Myanmar trade delegation to a meeting with businessmen of Chittagong at Chittagong Chamber of Commerce and Industry on Thursday.
 
The chamber urged the governments to take initiative to let the businesses do business through direct banking.
 
Later, Chittagong chamber president Saifuzzaman Chowdhury and the Federation of Myanmar Chambers of Commerce and Industries chairman Win Myint signed the memorandum.
 
Chowdhury said there was huge scope of trade between the two neighbours given the geographical proximity.
 
He urged the Myanmar delegation to renew the coastal and maritime communications agreement and introduce direct banking under the border agreements.
 
"Bangladeshi businessmen face difficulty in collecting permission and visa to go to Myanmar. Trade between the two countries would increase if the process is made easier."
 
Myanmar commerce minister brigadier general Tin Naing Thein said they would address the visa issue. His government would take steps to renew shipping agreement and introduction of direct flights between the two countries, he added.
 
He urged the businessmen of Chittagong to supply more medicine, leather products and construction materials to Myanmar.
 
Myanmar construction minister brigadier general Saw Tun, immigration and population minister Saw Lwin, Bangladesh ambassador to Myanmar Abu Rushd Rokonud-dowla and directors of Chittagong chamber participated in the views exchange meeting.
 
The trade delegation left Chittagong for Myanmar in the afternoon. Army chief general Moeen U Ahmed saw the delegates off at Chittagong airport.

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