Myanmar, Indonesia sign some economic cooperation accords

Source:Xinhua Published: 2013-4-24 9:15:53

Myanmar and Indonesia Tuesday signed some three accords on economic cooperation between the two countries in Nay Pyi Taw, state radio and TV reported at night.

The signing of the accords came shortly after talks between Myanmar President U Thein Sein and his visiting Indonesian counterpart Dr. Susilo Bambang Yudhoyono in the capital.

Of the accords, the first is a framework agreement on investment and trade, while the rest are two memorandums of understanding on cooperation in human resources development and on rice trade respectively.

The talks of the two presidents disclosed that Indonesian investment in Myanmar by 12 Indonesian companies amounted to $241 million as of December 2012.

The two sides vowed to make efforts to increase the two countries' bilateral trade to $1 billion by 2014.

At the invitation of his Myanmar counterpart U Thein Sein, Susilo arrived Nay Pyi Taw Tuesday for a two-day state visit to Myanmar in return to U Thein Sein's to Jakarta in May 2011 which was made at the sideline of the 18th Summit of the Association of Southeast Asian Nations (ASEAN).

U Thein Sein's May 2011 Jakarta trip marked his first overseas one soon after he became the president on March 30 of the year.





Posted in: Economy

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