Suu Kyi courts Japan investment with new economic zone
published 29.07.2020 16:20
According to the Myanmar government, Japanese investment in Myanmar between 2011 and now has exceeded $1.7 billion.
Myanmar is hoping to draw more foreign direct investment and Japan has been one of its main investors.
At the conference, Investment and Foreign Economic Relations Minister Thaung Tun said: "This new economic zone shall be bigger and better connected than any other economic zones in Myanmar."
YANGON -- Myanmar State Counselor Aung San Suu Kyi announced on Wednesday that the government will develop a new special economic zone in Mon State in the east of the country to create jobs and encourage foreign investment.
Ken Kobayashi, chair of Keidanren's Japan Myanmar Economic Committee, said: "Because of the coronavirus, there will be a movement to reconsider the supply chain, and I think that Myanmar will receive more attention due to the possibility of factory relocations."