Myanmar, RI to raise trade

Myanmar, RI to raise trade

YANGON (AFP): The Myanmarese government has agreed to increase trade and investment with Indonesia, the state-run Mirror newspaper said yesterday.

It said the decision was taken Thursday at a meeting attended by two vice premiers and members of the cabinet, and followed a visit to Indonesia last December by a member of the Myanmarese junta.

During the visit by Lieutenant-General Khin Nyunt, the Indonesian government launched an organization called the Indonesia House to promote trade and investment between the two countries.

The Indonesia House earmarked eight areas for investment in Myanmar, including the construction of a private broadcasting station and building factories to make forest products, food, consumer items, cigarettes and textiles.

Myanmarese officials agreed at the meeting Thursday to implement the projects with Indonesia as soon as feasible.