Union Minister for Investment and Foreign Economic Relations attends the 4th meeting of Inter-Governmental Russian-Myanmar Commission on Trade and Economic Cooperation

2024 January

A Myanmar delegation led by Dr Kan Zaw, Union Minister for Investment and Foreign Economic Relations, attended the 4th meeting of the Inter-Governmental Russian-Myanmar Commission, along with related meetings and the Russian International Forum and Expo, held at the All-Russian Exhibition Centre (VDNH-Exhibition of Achievements of National Economy) in Moscow, Russia on 27 January, at the invitation of Mr Maxim Reshetnikov, Minister of Economic Development of the Russian Federation.

The Union Minister’s delegation participated in the exclusive meeting of the commission co-chairmen and the plenary meeting of the commission on the morning of 27 January. Furthermore, discussions on political cooperation and development between the two countries took place between the Russian Ambassador to Myanmar Mr Iskander Azizov and Myanmar Ambassador to Russia U Thit Linn Ohn.

Subsequently, the Minister of Economic Development of Russia guided the Myanmar delegation to the “Feel Russia” travel booth at the Russia International Forum and Trade Fair, where they explored opportunities for promoting cooperation in the tourism sector.

Later in the day, the business forum continued, with governments and businessmen from both countries exchanging views on business opportunities, laws and regulations related to trade, investment and agricultural cooperation, tourism sector cooperation, finance, and information technology.

Additionally, the Union minister met with Ms Gohar Barseghyan’s delegation from the Integration Promotion Department under the European-Asian Economic Commission on 25 January.
In the afternoon, he attended the Russia-Asia-Pacific strategic cooperation dialogue jointly organized by the Russia-Myanmar Association for Friendship and Cooperation (RMAFC) and the Gorchakov Fund.

They also held discussions with Mr Ivan Polyakov, Chairman of the Russia-ASEAN Business Council, focusing on economic cooperation between Russia and ASEAN countries, trade and investment promotion between Russia and Myanmar, and economic cooperation issues.
Similarly, a separate meeting was arranged by the Russian-ASEAN Business Council between Russian and Myanmar businessmen for business matching.

On 26 January, the delegation met with representatives of the Roscongress Foundation’s Investment Fund to discuss issues related to the construction of a natural fertilizer factory, a solar power plant, an oil refinery, an animal feed factory, as well as the development of mineral exploration and mining activities.

In the afternoon, they met with Mr Anton Kobyov, Advisor to the President of the Russian Federation, to discuss the progress of cooperation with Myanmar and future issues.
Additionally, members of the Myanmar delegation, including the Vice Chairman of the Commission, the Ministry of Commerce, the Deputy Minister, and group members, attended an introduction and presentation of Aquarius technology products at the headquarters of Aquarius Technology Company in the evening to explore cooperation opportunities. Upon arrival in Moscow, the Myanmar delegation visited the Golden Pagoda in Kaluga Township, Moscow, and toured famous landmarks in the city.

The 4th meeting of the Inter-Governmental Russian-Myanmar Commission, related meetings, and the Russian International Forum and Expo were also attended by representatives from business associations and the UMFCCI.

Source: Global New Light of Myanmar