SME business owners from Japan seeking local partners in Myanmar

Small- and medium-sized enterprise (SME) owners from Japan are seeking local joint partnerships in Myanmar, according to sources interviewed at a forum held at the offices of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) on Saturday.

Seven SME companies are included in the Japanese delegation, and they have invited more than 30 SME business owners from Myanmar to enter joint partnerships.

Japanese businessmen have invited Myanmar counterparts to cooperate in sectors such as mineral refining from waste products, machinery and electronics, real estate, tourism, transportation, automotive, plastics and medical products.

“They brought them with SME business owners from Japan. It will be an opportunity for SME business owners from here. The Japan economy has developed partly due to support from SMEs. It is the same with our country, too. Job opportunities can be created if the SME sector is developed. That’s why we made the forum for them,” said UMFCCI vice chairperson Thein Han.

Similarly, a Japan-Myanmar Business Matching forum was held in March, with a resulting business agreement worth more than US$ 9 million (Ks 8.74 billion).

Source: ELEVEN Myanmar

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