1 December 2025
60460
2025-12-01 10:16
The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) held its 34th Annual General Meeting in Yangon on Sunday, attended by Acting President and Chairman of the State Security and Peace Commission Senior General Min Aung Hlaing.
In his speech, the Acting President highlighted that agriculture remains Myanmar’s economic backbone, with nearly half of the population depending on the sector, adding that strengthening agriculture will help uplift industry, services, and rural incomes.
He pointed out that Myanmar has the potential to earn 8 to 12 billion USD more annually if agricultural productivity improves and diversified crops are produced. He emphasized the fact that expanding manufacturing, MSMEs, and agro-based industries is crucial for boosting exports and import substitution.
The Acting President stressed that the government will continue efforts on tax reforms, better management of foreign exchange, and creating a more favourable investment environment. He said reducing poverty especially in rural areas, requires improved agricultural output, job creation, and fair, affordable pricing for essential goods. He also emphasized that the private sector is the main driving force of economic growth, and public–private cooperation is essential for policy implementation and overcoming challenges.
UMFCCI and its member associations are urged to actively provide policy recommendations, represent industries, and help improve product quality, pricing, and competitiveness. [Soundbite] During the meeting, 2024–2025 annual report and financial statement were presented.
The meeting also reaffirmed cooperation between the government, private sector, and international partners to support Myanmar’s long-term, inclusive economic development. [Soundbite] Originally formed in 1919 as the Burmese Chamber of Commerce, the UMFCCI has long served as Myanmar’s national apex private-sector organization and a key partner for successive governments.
MITV MOBILE APPS
