Myanmar, Singapore eye trade ties

June 9th, 2012 - 10:12 pm ICT by IANS  

Yangon, June 9 (IANS) Myanmar and Singapore will hold trade talks here next Thursday.

A 118-member delegation from Singapore, representing 76 companies, will visit Myanmar June 10-15, the Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said.

The delegation will represent transport, construction, engineering, banking, IT, energy, medicine and education, among other sectors, Xinhua reported.

Myanmar-Singapore bilateral trade reached about $2 billion in 2010-11 fiscal year.

Singapore is a major investor in Myanmar after China, Thailand, South Korea and Britain. The country opened foreign investments in 1988.

–Indo-Asian New Service
snb/vt

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