The Russia-Myanmar Business Forum, jointly organized by the Myanmar Embassy to the Russian Federation, the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry-UMFCCI and Myanmar Airways International (MAI), Roscongress Foundation, Fund RC-Investments, Russia-ASEAN Business Council and Russia-Myanmar Business Council, took place at the Business Hall of Radisson Collection Hotel in Moscow on 5 March.
Firstly, Union Minister for Investment and Foreign Economic Relations and the Russian Minister of Economic Development delivered opening speeches. Following this, Chairman of the State Administration Council (SAC) Prime Minister delivered supplementary speech as follows:
- Myanmar successfully hosted the 5th Myanmar-Russia government to government trade and economic cooperation commission’s retreat, the plenary meeting and signing the agreements as well as the business forum this month.
- As meeting result of the commission meeting, cooperation could be raised in legal frameworks, trade and investment, energy, transport, construction, infrastructural development, banking service and monetary, information, communication, technology, tourism, education, science and healthcare services sectors.
- Especially, the Senior General expressed his satisfaction with cooperation as a new stride with the Russian Federation to upgrade the Dawei Special Economic Zone to be a strategic outlet to the sea.
- Myanmar has adopted a strong legal framework and expects to sign the agreement to raise investment and protection between the two countries as a result of this ceremony soon thanks to the efforts of relevant departments and coordination.
- To link maritime trade with inland trade, Russian businesspersons will be invited to invest in many opportunities in necessary transport infrastructures along the economic corridors in Myanmar.
- At today’s meeting with businesspersons on investment and trade measures, not only governments of both countries but businesspersons can expand the communication networks in various sectors with opportunities for cooperation.
- Especially, although Myanmar and Russia are located a far distance depend on the geographical condition, it is believed that they can promote cooperation in trade and investment for all business arenas through today’s forum.
- At present, it is a pleasure that investments were initially put in the agriculture sector of Myanmar. The forum emphasized cooperation in the transfer of agriculture and livestock-based modern technology through investment in the agriculture, industrial and service sectors.
- Moreover, it can be seen that projects in the industrial and energy sectors are being implemented with investment and new technology. With regards to the infrastructure sector, Myanmar wishes to soon join hands with Russian business counterparts in renewable energy without ecological impact, especially wind power, solar power and hydropower along hilly regions and coastal areas, in line with Myanmar’s needs.
- As both countries have initiated payment ways as part of a cooperation measure, trade will be smoother than in the past.
- Russia is one of the top 10 of the world in digital development. Hence, Myanmar wishes to cooperate with Russia in the information and digital infrastructure sector.
- In this regard, Myanmar is keen to further promote healthcare services and pharmaceutical production with Russia, which are necessary for development rather than before.
- A key national priority for Myanmar has to primarily initiate to create job opportunities for the people to enhance human resources through human resource development.
- The Senior General expressed special thanks to Russia for the enhancement of the capacity of the human resources of Myanmar to work in energy, information and technology, service and health sectors which the Russian Federation shows its special interest in.
- The Senior General reaffirmed that Myanmar will provide aid for proper opportunities and jobs for private businesses to be implemented through the government-to-government coordination between the two countries.
- In the near future, both countries have to strive together to implement the ways which can contribute to bilateral cooperation between the two countries to initiate common interests.
- Russia and Myanmar are trustworthy and close-friendly nations. Russia is a great power stretching extensively from the East to the West, from Asia to Europe. It is a strategically significant country with global interest and influence.
- No matter how much Russia’s achievements are challenged, its wealth and technological advancements cannot be suppressed.
- Therefore, I want to bring your wealth and technology to the Asian region for expansion and collaboration. Myanmar offers this opportunity to you. That is why I invite you to invest in Myanmar with confidence.
- Before investing, come and see the situation in Myanmar for yourself. The delegations coming from Myanmar represent our country, and if you visit Myanmar, you will gain a deeper understanding of the real conditions of its people.
- Myanmar has a population of only 51 million. However, the countries surrounding Myanmar have a combined population of around two to three billion. In addition to the 10 ASEAN countries, Myanmar shares borders with major economies such as China, India, and the densely populated Bangladesh.
- If you think about how to find a market for your products in these countries, it would be even more beneficial. One potential approach is to produce high-value products based on Myanmar’s natural resources. Another approach is for businesses to directly invest in Myanmar, utilizing their technology and resources to manufacture products locally. If either of these business models is implemented in Myanmar, I can confidently say that it will yield significant benefits.
- On 4 March, I met His Excellency, Mr. President. We had extensive discussions and reached several agreements regarding cooperation with Myanmar. Please don’t be too concerned about some of the current challenges we are facing – these are just temporary.
- I believe that through our joint efforts, we can overcome these difficulties together. That is why I would like to extend a warm welcome to our Russian friends, citizens, and businesspeople. If necessary, I will personally meet you again in Myanmar.
It was attended by Myanmar’s Union Minister for Investment and Foreign Economic Relations Dr. Kan Zaw, Minister of Economic Development of the Russian Federation Mr. Maxim Gennadyevich Reshetnikov, UMFCCI President U Aye Win, business people from the Russian Federation and distinguished guests.
Source: GNLM (6-3-2025)
- Myanmar successfully hosted the 5th Myanmar-Russia government to government trade and economic cooperation commission’s retreat, the plenary meeting and signing the agreements as well as the business forum this month.
- The Senior General expressed his satisfaction with cooperation as a new stride with the Russian Federation to upgrade the Dawei Special Economic Zone to be a strategic outlet to the sea.
- With regards to the infrastructure sector, Myanmar wishes to soon join hands with Russian business counterparts in renewable energy without ecological impact, along hilly regions and coastal areas, in line with Myanmar’s needs.
- Russia is one of the top 10 of the world in digital development. Hence, Myanmar wishes to cooperate with Russia in the information and digital infrastructure sector.
- The Senior General expressed special thanks to Russia for the enhancement of the capacity of the human resources of Myanmar to work in energy, information and technology, service and health sectors which the Russian Federation shows its special interest in.
- In the near future, both countries have to strive together to implement the ways which can contribute to bilateral cooperation between the two countries to initiate common interests.
- Russia is a great power stretching extensively from the East to the West, from Asia to Europe. It is a strategically significant country with global interest and influence.
- I want to bring your wealth and technology to the Asian region for expansion and collaboration. Myanmar offers this opportunity to you. That is why I invite you to invest in Myanmar with confidence.
engdate:
Tuesday, March 11, 2025 - 15:30
month:
March, 2025