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Japan’s top business group sees growing opportunities in Myanmar
Published on Wednesday, 06 February 2013 16:01
A Japanese businessman meeting with Myanmar entrepreneurs at UMFCCI in Yangon (Photo - Chan Myae Thu/EMG)
Japan’s largest business lobby group, Keidanren, on Tuesday told President Thein Sein that it will provide money and expertise for Myanmar’s development, on the second day of a trip that is bringing about 100 executives to Myanmar and Cambodia this week.
The delegates, including the business federation’s chairman, Hiromasa Yonekura, began their visit on Monday by meeting with government officials and executives of domestic firms.
They will also visit Thilawa Special Economic Zone, which is being built with Japanese investment.
According to The Japan Times, Keidanren hopes to address problems blocking Japanese companies from doing business in Myanmar, including flaws in the legal system, at a time when business opportunities are growing.
The Japanese government has waived billions of dollars in Myanmar debt and will begin lending again by the end of this March.
The delegates are also expected to discuss human resources development, including creating scholarship systems and providing job-training opportunities in Japan.
The delegation includes the group’s vice chairmen and presidents from Japanese companies in industries ranging from railways to insurance.