Thu 21 Mar 2013
Filed under: Business / Trade,International,News
Myanmar President Thein Sein met with Bruce Gosper, the CEO of the Australian Trade Commission, on Wednesday for talks over investment in Myanmar, the president’s website confirmed.
Gosper expressed interests on behalf of Australian businessmen in Myanmar’s natural resources, infrastructure, agro-based businesses, foodstuff, education and the health sectors, the report said.
He is also reported to have offered Australian assistance in amending Myanmar’s trade rules and regulations.
The talks came as Thein Sein prepared to conclude a one-week visit to Australia and New Zealand in which sanctions have been eased, trade agreements have been reached, and the reformist president has been showered in praise by his counterparts for his progressive moves toward democracy.
While Canberra said its arms embargo would remain, it announced an easing of restrictions on defence cooperation including humanitarian and disaster relief activities, as well as peacekeeping.
Australia will also appoint a defence attaché to Myanmar as well as a trade commissioner.
Australian Premier Julia Gillard said Aus $20 million (US $20.7 million) would be provided over two years for “strengthening democratic institutions, promoting human rights, improving economic governance and advancing the rule of law”.
Thein Sein said this week he was proud to be the first Myanmar head of state to visit the countries since 1974.