YANGON (Oct. 12) XINHUA

[suriya@xxxxxxxxxxxx]

 YANGON (Oct. 12) XINHUA - The Union of Myanmar Chamber of
Commerce and Industry (UMCCI), a major trade organization of its kind
in the country, has signed 12 memorandums of understanding (MOUs) with
its counterparts from nine countries since May 1989, seeking economic
cooperation with them.

 According to the recent issue of the Myanmar Business News published by
UMCCI, these foreign chambers of commerce include four from Japan, two
from Bangladesh and one each from Germany, Israel, South Korea, Nepal,
Singapore and Thailand.

There are 35 different chambers of commerce in Myanmar now. Private
enterprises operating in Myanmar numbered 25,151 at the end of June
this year, of which exporters and importers were 9,250, business
representatives 2,092, partnership firms 1,218, Myanmar companies
11,214, foreign companies and branches 1,219, Myanmar-foreign joint
ventures 123 and chambers of commerce 35.