Singapore, Myanmar to kick off investment pact talks
Singapore and Myanmar will start negotiations on a bilateral investment pact and update their agreement on double taxation avoidance in a bid to underpin economic relations.
Singapore (VNA) – Singapore and Myanmarwill start negotiations on a bilateral investment pact and update theiragreement on double taxation avoidance in a bid to underpin economic relations.
These moves will send a positive signal to investors,Singaporean Prime Minister Lee Hsien Loong said at a banquet on November 30 inhonour of Myanmar State Counsellor Aung San Suu Kyi.
The deals seek to deliver a greater sense of assuranceand security for Singaporean investors to operate in Myanmar, he said.
Meanwhile, many Singaporean airlines are planning fornew routes to Myanmar, a boost to air connectivity between the two countries.
For her part, Aung San Suu Kyi said Myanmar welcomesSingaporean businessmen and wants to learn from Singapore’s experience incorruption control and human resource development.
The Myanmar State Counsellor arrived in Singapore fora three-day visit on November 30. The visit took place at a time when the twonations are celebrating 50 years of their diplomatic relations.
By the end of October, Singapore is Myanmar's second largestinvestor after China, with cumulative investment totaling 15.6 billion USD.Singaporean businessmen in Myanmar mainly operate in transport and energysectors.-VNA
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(Photo: mediacorp)
