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Japan PM visit boosts huge Myanmar industrial zone

 
Published on May 25, 2013
4:18 PM
Japanese Prime Minister Shinzo Abe (centre), along with members of his delegation and Myanmar officials pose for a photo after a Memorandum of Understanding (MOU) signing ceremony during a visit at the Myanmar International Terminals Thilawa (MITT) port on the outskirts of Yangon, on May 25, 2013. Japan's premier agreed on Saturday to press on with work on a major industrial zone near Yangon on a visit to Myanmar aimed at deepening economic ties with the former junta-ruled nation. -- PHOTO: AFP

YANGON (AFP) - Japan's premier agreed Saturday to press on with work on a major industrial zone near Yangon on a visit to Myanmar aimed at deepening economic ties with the former junta-ruled nation.

Prime Minister Shinzo Abe observed the signing of a Memorandum of Understanding at the Thilawa project on the first day of a trip promoting Japanese business in a country which desperately needs investment and infrastructure to drive a much-anticipated economic revival.

"Thilawa SEZ (special economic zone) is a milestone in the relationship between the two governments and the private sector," said Set Aung, Myanmar's deputy minister of National Planning and Economic Development.

"This will create quick wins for the people of Myanmar and Japanese businessmen," in terms of jobs and much-needed "technical assistance", he added.

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