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Belarus ready to invest in Myanmar economy and supply machinery on leasing conditions

Opportunities for real interaction

By Vasily Kharitonov

Belarus ready to invest in Myanmar economy and supply machinery on leasing conditions

Min Aung HlaingBelarus is ready to promote co-operation with Myanmar across a range of areas, noted Belarusian Prime Minister Mikhail Myasnikovich on meeting the Commander in Chief of the Myanmar Army, Min Aung Hlaing — paying an official visit to Minsk.

“Preparing for the visit, we considered a number of options for expanding our trade-economic collaboration. In particular, we can discuss the provision of export loans for individual Belarus-made products, supplies of civilian machinery on leasing terms or postponed payment. Moreover, we’re ready to discuss investment co-operation with your country,” noted Mr. Myasnikovich.

The PM suggested discussing industrial co-operation, as well as possible liaisons in power engineering and engineering infrastructure, healthcare interaction, the production of medication and agriculture. He explained, “We’ll consider setting up manufacturing enterprises in your country, taking into account our abilities, including investments. We’re ready to transfer technologies and expertise.”  Belarus has offered to help train highly qualified personnel: in particular, officers for Myanmar.

The PM continued by saying that mutually beneficial relations already exist, ripe for development, being built upon trust. Belarus and Myanmar have signed a number of agreements to create legislation to guide future bilateral interaction. Mr. Myasnikovich stated, “We rejoice at your accomplishments of economic and state development, and the fact that many countries now welcome dialogue with you. These factors indicate that our countries have good potential for co-operation.”

The Prime Minister is convinced that the visit by the Myanmar delegation will help accelerate the implementation of joint projects, and has suggested holding a regular session of the joint committee on trade-economic co-operation in Minsk, within coming months.

Like all countries, Myanmar relies on mutually beneficial relations with other states. Min Aung Hlaing underlined, “Your country is very strong and we’d like our country to become the same. We’d like to find our own path of development. At present, Belarus is our most sincere partner, so we’re keen to develop mutually beneficial collaboration and implement joint projects.”

During his visit to Belarus, Min Aung Hlaing attended a range of sites, including touring factories. “I see that some projects can be realised within a few months,” he said. According to the Commander in Chief, he has a definite vision regarding implementation. “In particular, we are keen to accelerate projects in the economic sphere and joint healthcare projects,” he stressed.
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