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28-Jun-2013

Financial Secretary John Tsang continued his Myanmar visit today by meeting President Thein Sein and other top officials in Nay Pyi Taw.
 
Mr Tsang first met Deputy Minister of Commerce Dr Pwint San, and promoted Hong Kong as a major service economy that is highly complementary with Myanmar's economic structure.
 
Dr Pwint San said Hong Kong entrepreneurs are among Myanmar's major investors, and welcomed more Hong Kong enterprises to set up businesses in his country.
 
Mr Tsang then met President Thein Sein, who told him that in the past two years Myanmar has not only conducted political reform, but also developed a market economy. He said he believes Hong Kong has the capital and technology, while Myanmar has the manpower, land and natural resources.
 
Myanmar and Hong Kong have ample space for co-operation in many areas, including exports of agricultural products, petroleum and natural gas, as well as investments in infrastructure, labour-intensive industries, hotels and tourism.
 
The president said this will enable both places to achieve mutually beneficial co-operation. He also said he hopes Hong Kong enterprises can provide vocational training to young people in Myanmar.
 
Mr Tsang said the Hong Kong business sector is very interested in exploring business opportunities in Myanmar, and hopes his visit can strengthen ties between their two governments.
 
Mr Tsang later met Minister of National Planning & Economic Development Prof Kan Zaw, who is also the Secretary of the Myanmar Investment Commission. They spoke on the investment environment and regulations in Myanmar.
 
Mr Tsang will visit Yangon tomorrow.