28 October 2022
AS Thilawa SEZ is a successful one, efforts must be made for achieving more success, said Vice-Chairman of the State Administration Council Deputy Commander-in-Chief of Defence Services Commander-in-Chief (Army) Vice-Senior General Soe Win in a meeting with officials of Thilawa Special Economic Zone Management Committee at the Chairman Office of the Zone yesterday afternoon.
First, management committee chairman U Ye Naing Tun reported on the progress of the zone and work undertakings. Then, the video clip of the zone was presented. Chairman of the Work Committee for Myanmar Special Economic Zones Union Minister for Commerce U Aung Naing Oo reported on current undertakings in the zone, solving difficulties by the State and future plans. Those present explained the operating of the businesses with investments in the special economic zone.
After replying to the necessary facts and responding to the reports, the Vice-Senior General delivered a speech. He said: Thilawa SEZ is partially implementing the objective of remedying the economy damaged by the COVID-19 pandemic. Actions will be taken to ensure the speedy recovery of businesses from the impact of COVID-19 which is one of the five-point roadmap of the State Administration Council. It is necessary to complete the implementation of Kyaukpyu and Dawei Special Economic Zones as quickly as possible to increase products and export goods for the State economy in accordance with the guidance of the Prime Minis-ter. Moreover, it is necessary to build trust between investor countries and companies. As the Central Bank of Myanmar has officially made clarifications over the statement of the Financial Action Task Force- FATF, officials from CBM will be ordered to clarify the regular monetary circulation and the regular operation of the State economy if necessary. Moreover, brochures must be distributed using languages in Russia, China and other regional countries in order to increase the inflow of FDI to the country. The Yangon Region government needs to help take possession of the land plots under the laws. The Yangon City Development Committee has arranged to supply an adequate volume of water to the zone.
In producing value-added products based on fruits, regionwide groups and cooperative societies should be set up depending on the different periods of harvesting fruits in respective areas of the State. And the awareness for growers must be raised on standard usage of pesticides on crops. SEZ contributes a great deal to the State economy as well as affects the GDP of the State. As Thilawa SEZ is a successful one, efforts must be made for achieving more success. And efforts must be made for attracting more companies to enter the zone. As now is the time of striving for the all-round development of the nation, job creation will contribute to the development of the State economy. As such, coordination must be done to sell the remaining land pots.
Then, the Vice-Senior General and party viewed the products manufactured by Thilawa SEZ and gave necessary instructions to officials at the hall of the zone.
The Vice-Senior General also viewed the functions of the factory of Kubota Myanmar Co Ltd in the zone, asked what he wanted to know and coordinated necessary measures.
A total of 114 companies from 21 countries operate their businesses at Thilawa SEZ with investments
