Prime Minister Shinzo Abe, who is touting the potential of Japanese businesses to boost the once junta-ruled nation’s economy, visited the jointly developed Thilawa project, a 2,400 hectare (6,000 acre) site which will include a port and industrial park.
During his trip Abe is pushing the expertise of Japanese firms, in particular in infrastructure building, to Myanmar which desperately needs investment to drive a much-anticipated economic revival. Unlike its Western allies, Japan maintained trade ties and dialogue with Myanmar during junta rule which ended in 2011, saying a hard line could push it closer to China. Abe is also expected to unveil almost $1 billion in development aid and a plan for a nationwide electricity grid.
Published in The Express Tribune, May 26th, 2013.
Like Business on Facebook to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ