SEZ must establish global trust and better relationships

Printer-friendly versionSend by email

 

 

February 9, 2017

The most important part of the Special Economic Zone (SEZ) is to establish a global relationship and global trust through the investors who have invested in the zone, the Vice President said yesterday.
 

“If there is trust, there will be more investors,” said Vice President U Henry Van Thio.

He told the Central SEZ Management Committee meeting held in Nay Pyi Taw that the implementation of economic, trade and investment projects cannot be accomplished by an individual or a country alone, as it is necessary to make the expansion from the domestic to the international market.

“The role of the Special Economic Zone is more important because the necessary economic development for the country cannot be attained without international investment, although we understand that we depend on our own efforts for economic development,” said the Vice President.

“There needs to be a smart and smooth economic and political philosophy in the establishment of an SEZ,” he said. By establishing such an SEZ, the region and the state where the SEZ is located results in developing job opportunities, human resource development and vocational skills. Similarly, it can also build better transportation and trade improvement with other countries, the Vice President said.

“After we have constructed the Dawei SEZ, we will have better transportation mainly with our nation’s best trade partner, Thailand. Besides, basic infrastructure will rapidly emerge as a result of the ports at which ocean liners can dock and improve trade,” said the Vice President, who added that the Kyauk Phyu SEZ must also be implemented in the same smart way.

The new Special Economic Zone (SEZ) Central Management Committee and Central Working Committee was formed with officials led by Vice President-2 U Henry Van Thio. The government is making efforts to operate SEZs successfully with four visions and 12 principles.

“Thilawa is a successful SEZ, which has now started operating and is now producing products to be sold to the international market,” said the Vice President.

The committee needs to make a special effort to develop SEZs by taking responsibility and presenting future operational work and advice through discussions, he said. The Vice President added that the committee members should work transparently, without committing any corruption in accord with the guidelines from the State Counsellor.

Next, the committee members presented their sectorial operational and future plans after which the Vice President gave his concluding remarks.