SEZs Issues :VSG addresses Central Committee’s meeting

Vice-Chairman of the State Administration Council Deputy Prime Minister Vice-Senior General Soe Win in his capacity as Chairman of the Central Committee on Myanmar Special Economic Zones addressed the Committee’s coordination meeting 1/2024.

In the meeting at the Ministry of Commerce in Nay Pyi Taw, the Vice-Senior General said the Thilawa SEZ needs to effectively maintain existing investments and try various ways to attract new investments. All committee members need to strive for the emergence of more SEZs in the country. He also urged all to make efforts for the soonest implementation of Kyaukphyu and Dawei SEZs.

It is necessary to boost the export volume of quality products from MSME businesses using domestic raw materials and other products to earn foreign currencies. In November, the export volume was worth US$12.95 million and import volume US$42.567 million. If the Thilawa SEZ is facilitated electricity from solar power and a solar plant, the electricity for the SEZ can be supplied to other necessary areas. So, it is necessary to strive to generate electricity in Thilawa SEZ.

The Addendum to Concession Agreement on the Kyaukphyu Deep Seaport Project was signed. If the condition precedents can be implemented as quickly as possible, the Kyaukphyu SEZ project can be successfully implemented. Regarding the Dawei SEZ Project, the Italian-Thai Company cannot carry on with its process due to various reasons. Due to political changes in Thailand, it’s reported that the Dawei SEZ project will be connected with the Thai government, the Vice Senior General added. 

And, officials from the Central Committee and Union ministers as well as management committee chairmen reported measures being taken to implement the Myanmar SEZs successfully.