8 September 2022
Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing attended the Plenary Session of 7th Eastern Economic Forum-2022 at the Far Eastern Federal University (FEFU) in Vladivostok of the Russian Federation on 7th September.
The Plenary Session was presided over by Russian President Vladimir Putin, and discussed the development condition of eastern Russia, plans for promoting investments, cooperation with the investors from the Asia-Pacific region by establishing the special economic zones, upgrading the port facilities, and establishment of northern sea route that connects Asia and Europe.
Prime Minister Senior General Min Aung Hlaing made a speech, highlighting the importance of food sufficiency for the increasing global populations which is expected to reach 8.5 billion in 2030, 9.73 billion in 2050 and 10.4 billion in 2100.
He highlighted that Myanmar is equipped with the good infrastructures of agriculture and livestock sector including fertile soil and natural forests, rivers and creeks, and coastal areas. The country possesses over 13 million hectares of agriculture lands, and mainly export rice, beans and pulses and maize.
Being possess with abundant water resources, rice, beans and pulses, maize, sesame and cotton are mainly grown, fertilizer and fuel for farm implements are needed. He called for assistance from the friendly countries for boosting production which could ensure for food sufficiency.
For oil and natural gas sector, the Prime Minister stressed that Myanmar designated 51 offshore oil fields and 8 of them have already extracted natural gas. Distribution has been made to local and foreign buyers. At present, 2 trillion Cubic feet deposit of natural gas was found in the Bay of Bengal, and will soon be extracted commercially. Moreover, a promising huge deposit of natural gas has been found, and it could help develop the natural gas-powered industries in the country within three years.
The Prime Minister invited all interested investors to make investments in Myanmar. He added that there are many oil and natural gas deposits which are not yet been extracted, and other minerals that can export to the global market. Myanmar export agriculture and marine products to Russia, and vice versa, plans are underway to import fertilizer, fuel and other petroleum products.
The Prime Minister invited the businessmen, attending the forum, to invest in the country’s oil and natural gas, mineral exploration, production value added products based on agriculture and livestock breeding, energy, tourism, fuel tank and other infrastructures, rubber based industrial production, renewal energy, science and technology, information and communication, health, finance and garment sectors.
The Prime Minister also replied the queries raised by the moderator, and the Russian President also made elaboration.
It was followed by the speeches of Armenian Prime Minister, Mongolian Prime Minister and the Chairman of the Standing Committee of the National People’s Congress of China. The Prime Ministers of India, Malaysia and Vietnam also made speeches via online.
The Eastern Economic Forum has been held annually since 2015, aiming to promote economic development of eastern Russia and cooperation with the Asia and the Pacific region. The representatives, diplomats, entrepreneurs and media persons from over 40 countries attended this year forum.
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