Singapore enhances economic ties with Myanmar

Singapore, April 4 (IANS) Singapore is aiming to enhance economic ties with Myanmar by opening an overseas centre in Yangon to facilitate trade and investment, it was announced Thursday.

Officiated by Sinagpore’s visiting President Tony Tan Keng Yam, trade promotion agency International Enterprise opened its 37th global office in Myanmar, reports Xinhua.

The agency said the new centre will “facilitate trade and investment between Singapore and Myanmar in key sectors including infrastructure, industrial and urban development, transport and logistics, manufacturing and trading”.

It will also support Myanmar companies looking to use Singapore as a base to expand in Asia and beyond.

Singapore is Myanmar’s third largest trading partner.

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