NEWS - Dhaka, Yangon Sign Mou to St

[TheTruth@xxxxxxxxxxxxx]

NOTE: Bangladesh must be warned for this ignorant action.  Burma does
not border Bangladesh, Arakan/Rhakhine does.  Arakan is NOT a legal part
of Burma.

Dhaka, Yangon Sign Mou to Strengthen Economic Relations

            Xinhua
            28-JUL-98

            DHAKA (July 28) XINHUA - Bangladesh and Myanmar signed here
            Tuesday a memorandum of understanding (MOU) to promote,
            strengthen and expand trade, investment and other economic
            activities between the two countries. 

            Under the MOU, a Bangladesh-Myanmar business promotion
center
            would be set up in the private sector to explore the
possibilities of
            increased bilateral trade and economic cooperation,
particularly the
            possibility of setting up a special export processing zone
in Teknaf,
            southeast Bangladesh, exclusively for joint ventures based
on raw
            materials from Myanmar. 

            Subcommittees would be set up under the center for
conducting the
            feasibility study on the processing zone, and for studying
the possibility
            of mining lime stone and manufacturing clinker for clinker
industries in
            Bangladesh and of establishing hydroelectric power plants in
            Myanmar. 

            The MOU was signed by R. Maksud Khan, president of the Dhaka
            Chamber of Commerce and Industries (DCCI) and U Aik Htun,
leader
            of a visiting business and investment delegation of Myanmar,
at a
            symposium on "Prospects of Bangladesh-MyanmarZCZC
            M09-728-0162 07-28 11:27 Economic Cooperation," organized by
            the DCC d p 2501 I and the Bangladesh Board of Investment
(BOI). 

            Speaking a Up Visit to Egypt t the symposium, Commerce and
            Industries Minister Tofail Ahmed called on businessmen from
the two
            countries to help raise the bila teral trade volume between
Bangladesh
            and Myanmar, which had remained at order dispute in the Horn
of
            Africa. about 8 million U.S. dollars a year. tian northern
resort of The
            current volume of two-way trade and investment the ongoing
between
            the two countries could be increased to 500 million U.S.
dollars in two
            to three years although it was insignificant at presetold
reporters nt,
            according to BOI Director Farooq Sonban. 

            The MOU would create tremendous scopes of cooperation for
the
            private sector in the ta halt and encourage peaceful
coexistence
            between the wo countries, Khan was Eritrean president, who
had sent
            two messages to Mubarak in quoted by presseeking an active
role
            from the Egyptian leader in s reports here as
sayinhiopian-Eritrean
            border conflict. g on Monday. 

            The Myanmar business comms suggested that Cairo unity had
            expressed their interest in establishing e repeated
industries in
            Bangladesh using Myanmar raw materials and Bangla African
tour
            which also desh technology. "For example, bamboo processing
byan
            leader industries could be set up in Bangladesh utilizing
Myanma
            buffer r bamboo to produce pulp for Bangladesh paper mills,"
he said.
            t, Eritrean Minister of External Affairs The 32-member
Myanmar
            delegation aouth Africa, on Monday that rrived here on
Sunday on a
            seven-day visit to ire as a prelude Bangladesh. Enditem 

            =07281106 28/07/98 11:10 GMT NNNN 

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