I t is necessary to analyze past economic difficulties and lessons learned, review them, and work towards finding solutions regarding national economic development, said President of the Republic of the Union of Myanmar U Min Aung Hlaing at the Union government meeting at the President’s Office in Nay Pyi Taw yesterday afternoon.
In his speech, the President underlined that everyone must strive by combining and utilizing our utmost abilities along with the country’s favourable natural conditions and resources in a proper manner to become a government that stands the test of time in the nation’s history.
In undertaking agriculture and livestock farming, he noted that if we break away from conventional practices, conduct research, evaluate, adapt, and operate using constantly evolving modern technologies, it will bring greater benefits to national economic development and the improvement of the public’s socioeconomic livelihood. Furthermore, in carrying out these tasks, it is necessary to perform genuine work and create opportunities to enable working at full capacity.
The President outlined that those solutions must also be sought and implemented to address the nation’s prevailing high commodity prices, the substantial annual imports of fuel and edible oil, and currency instability.
He emphasized that as there are numerous individuals employed in CMP (Cutting, Making, and Packing) businesses, relevant ministries and regional governments need to review and fulfil requirements to ensure these operations run smoothly.
Regarding national economic development, the President underscored that it is necessary to identify and analyze past economic difficulties and lessons learned, review them, and work towards finding solutions.
To increase value-added products from manufacturing based on agriculture and livestock, as well as to boost exports and secure markets for the country’s goods, the government, agricultural and livestock producers, and business entrepreneurs must all work together in harmony, the President added.
He emphasized that since a modern, developed nation can only be built with educated human resources, everyone must systematically take action with a focus on long-term interests when considering and shaping the nation’s future.
The President outlined that a strong national education system will cultivate a high-quality workforce and skilled human resources, which in turn will enhance productivity, ultimately driving growth in the export sector and the country’s GDP.
The President urged that although animal feed required for livestock farming can be produced using agricultural produce and by-products, development in the livestock sector remains sluggish, highlighting the need for concerted efforts to drive progress.
Regarding export and import operations, he highlighted that illegal trade is occurring in border trade across certain border areas; therefore, strict supervisory measures are being implemented to prevent trade through illegal channels.
The President clearly stated that border trade cannot be relied upon entirely; illegal trade deprives the state of its rightful tax revenues and can lead citizens to consume substandard, uncertified goods.
He added that just as it is necessary to explore new markets to export domestic products through regular trade channels, border trade must also be conducted strictly through official routes.
Furthermore, he pointed out that there is a need to nurture and promote patriotic spirit and love for the country among the youth, who will shape and build the nation’s future.
Union ministers presented information about their relevant sectors.
The President continued his speech, saying that education is interconnected with an individual’s health, social well-being, and economic standing; it holds the transformative power to shape not only an individual’s life, but also the future of a family, a community, and an entire nation. To build a developed nation in the future and reduce the gap in living standards, education must be prioritized, reformed, and strengthened.
He stressed that with the winter season arriving soon, sports competitions should be systematically organized and carried out through widespread activities across regions and states, ministries, schools, and rural areas.
Also present at the meeting were Vice-Presidents U Nyo Saw and Nan Ni Ni Aye, Commander-in-Chief of Defence Services General Ye Win Oo, Union ministers, the Nay Pyi Taw Council Chairman and senior Tatmadaw officers from the Office of the Commander-in-Chief together with regional and state chief ministers through videoconferencing.
MNA/TTA
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