UMFCCI holds 27th Annual Plenary Meeting in Yangon

Union Minister Dr.Than Myint inspects booths at Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon yesterday. Photo: Zaw Min Latt

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) held its 27th Annual Plenary Meeting yesterday at the National Theatre on Myoma Kyaung Street in Yangon.
Union Minister for Commerce, Dr. Than Myint, Anti-Corruption Commission Chairman U Aung Kyi, Yangon Region’s Chief Minister, U Phyo Min Thein, Speaker of the Yangon Region’s Hluttaw, U Tin Maung Tun, Deputy Ministers U Aung Hla Tun, U Maung Maung Win, and U Hla Maw Oo, region ministers, department heads, ambassadors of foreign missions in Myanmar, commercial attachés, foreign businesspersons, UMFCCI’s patrons, advisors, chief executives and executives, members, partner organizations, chairpersons and executives from fraternal organizations, and guests attended the meeting.
The Union Minister and other participants first toured booths set up by the UMFCCI. Then, UMFCCI President U Zaw Min gave the welcoming speech.
Speaking at the meeting, Union Minister Dr. Than Myint said 12 business policies are being laid down by the new government to develop Myanmar’s economy. Implementation of the Myanmar Sustainable Development Plan 2018-2030 –MSDP is also under way, he said.
“Currently, the government is not only promoting agricultural production and small and medium enterprises (SMEs), but also trying to attract more foreign investors. The UMFCCI is lending its support in framing policies, rules, and laws to achieve these aims. The UMFCCI is also hosting business-matching events in cooperation with companies from Japan and other countries for SME development,” said the minister.
The Union Minister then expressed his delight at the upcoming centenary of the UMFCCI.
“As for the economic growth of the country, the UMFCCI is actively serving as a bridge between the government and businesses, helping develop Myanmar’s manufacturing, commerce, and service industries so they meet global standards, enabling Myanmar’s products and services to penetrate the global market, inviting foreign investments, and systematically transferring technologies and techniques,” he said.
The UMFCCI is making sector-wise analyses of the weaknesses and strengths of the economy, he added.
“May the UMFCCI live long as an institution representing the private sector, while striving with sister organizations for the emergence of a modern and developed country,” said Dr. Than Myint.
Yangon Region’s Chief Minister U Phyo Min Thein also delivered a speech at the meeting. Afterwards, officials from the federation read the annual report, financial statement, and auditor’s report. The meeting ended after the chairman of the annual meeting delivered a speech. — MNA (Translated by Kyaw Zin Tun)

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