Burma invites investment from Bangladesh

Last updated: December 10, 2009

Dhaka, Bangladesh (BBN)- Rangoon has proposed Bangladesh to set up joint-venture industries and agricultural farms in Burma for utilizing its huge workforce and Burmese land.

Burmese Ambassador to Bangladesh Phae Tham Oo made the proposal when he called on Industries Minister Dilip Barua at his office in the capital, Dhaka on Wednesday, according to an official press statement.

During the meeting, they discussed bilateral issues, including Rohingya refugee problem, maritime-boundary disputes and transport facility for mutual benefit.

"Bangladesh has world-standard industries like textiles, ceramic, pharmaceuticals and jute and it is possible to set up such industries in Myanmar through transferring their technologies, both the neighbouring countries will be benefited socio-economically" the Burmese ambassador said.  

The ambassador stressed the need for resolving the current disputes between the two countries, including Rohingya refugee problem and maritime-boundary dispute, through mutual understanding.

He also stressed strengthening South-South cooperation for enhancing socioeconomic conditions of Bangladesh and Myanmar.

“Bangladesh is willing to work together with Myanmar for achieving bilateral socioeconomic development of the two countries,” the industries minister told the envoy.

He said the two neighbours would able to develop their industrial sectors through introducing smooth and easy rail-and road-transport networks.

The minister also drew the attention of the envoy to make a success the process of setting up Bangladesh-Myanmar road link.

Mr. Barua sought cooperation from Myanmar side through playing a positive and comprehensive role at the climate conference in Copenhagen for tackling the impacts of global climate change.

BBN/SS/SI/AD-10December09-11:34 am (BST) 

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