Myanmar cooperates with Korea for farm machinery development


Myanmar is cooperating with South Korea in its effort to develop farming machinery, according to the Ministry of Industry.

An industrial technology consultancy programme is being carried out under the cooperation between Myanmar's industry ministry and Korea Institute for Advancement of Technology to develop agricultural machinery sector.

Korean experts visited Mandalay, Bago, Sagaing and Ayeyawady regions in June last year to conduct an onsite diagnosis study and then made visits to worksites there in March and May this year to give technological advice on manufacturing farm equipment and machinery.

Under a memorandum of understanding signed between the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry and Korea-Asia Economic Cooperation Association on June 19, both parties agreed to strengthen economic relations, arrange bilateral business tours, exchange economists and hold business meetings.

The MoU took into effect on June 19 this year and will be valid for three years.