Gov’t sees great business opportunities in Myanmar


CNA

TAIPEI, Taiwan — Taiwan can tap into the Myanmar market, especially in the infrastructure and commodity sectors, as the Southeast Asian nation has been moving toward economic liberalization, Taiwan’s main trade promotion body said recently.

Small- and medium-sized businesses can use their strengths and technologies in the electrical and machinery industries to meet demand in Myanmar, the Taiwan External Trade Development Council (TAITRA) said.

In its process of liberalization, Myanmar will need to develop its infrastructure, especially its power systems, the council said in a statement.

Power supply plays a critical role in economic development, and Myanmar is “in desperate need” of related services, TAITRA said.