The discussion on facilitating opportunities for investment using the yuan was held at the office of the Directorate of Investment and Company Administration (DICA) in Yangon yesterday.
It was attended by Union Minister for National Planning, Investment and Foreign Economic Relations U Aung Kyaw Hoe, the Yangon Region Planning, Economics and Finance Minister, the Chinese Economic Counsellor to Myanmar and other business persons.
Speaking at the event, the Union minister stated that Myanmar, as a member of the Regional Comprehensive Economic Partnership (RCEP), is cooperating in the implementation of the China-Myanmar Economic Corridor (CMEC), and added that allowing investment to be conducted in the Chinese yuan would help facilitate and speed up trade and investment processes.
The attendees discussed investment opportunities, investment conditions in Yangon, policy and procedures for investment using the yuan.
The Union minister also inspected the operations of the One-Stop Service (OSS) of the DICA after the meeting.
MNA/KTZH
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