Myanmar experts and business entrepreneurs

Myanmar experts and business entrepreneurs have spoken highly of the Greater Mekong Subregion Economic Cooperation (GMS), anticipating the complete success of the upcoming 4th GMS Summit to be held in Nay Pyi Taw on Dec. 19-20.

In separate interviews with Xinhua days ahead of the GMS Summit, the business circle held that strengthening of cooperation between GMS countries benefits socio-economic development in the subregion.

Economist Dr. Khin Maung Nyo recalled that the GMS made so many achievements in the past 20 years, making progress in the aspects of poverty alleviation among others. The expected approval of the “New decade GMS strategic framework (2012-2022)” by GMS leaders will be beneficial to the enhancement of the subregional economic cooperation, he said.

“Myanmar hosts the GMS summit, there comes guests and they will know about Myanmar which is changing. Myanmar hosts the first ever GMS summit, of course we are glad about it. Myanmar people had experience about holding international meetings,” he said.

Secretary-General of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) Dr. Myo Thet claimed having pride over taking over the chairmanship of the business forum from China.

“Myanmar is striving for developing industry, heading for an industrialized country. This business forum is added with topics on development of small and medium enterprises,” he noted.

On the issue of resumption of waterway of the Mekong River, UMFCCI central executive committee member U Myat Thin Aung said, “it is a good news for us. Myanmar merchants all welcome it. The cost of transport become low then it enables inhabitants along the river to buy cheaper goods produced from China and Thailand, while it can also sell out Myanmar products.”

He also said that it guarantees the security of merchants doing business and it also facilitate the basic living of people living along the river bank.

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