Myanmar- EU Economic Forum 2019

EuroCham Myanmar hosted the third edition of its annual signature event on advocacy on the 5th of June 2019 in Nay Pyi Taw.The forum provided a platform for more than 500 business leaders and policy makers from the Union of Myanmar and Europe to interact and debate key business and trade issues.

Among the government representatives, the forum welcomed 6 Unions Ministers, the deputy speaker of Amyotha Hluttaw, the Minister of Information, electricity and energy, Members of Joint bill committee and senior officials.

 H.E. U Myint Swe, Vice-President of the Republic of the Union of Myanmar gave his keynote address, followed by H.E. Kristian Schmidt, European Union Ambassador to Myanmar, Mr Philipp Dupuis, Minister Counsellor, Head of the economic and Trade section, Delegation of the European Union  and Dr. Myo Thet, Vice President of the Union of Myanmar Federation Chamber of Commerce (UMFCCI).

EuroCham Chairman Mr.David Levrat officially opened the forum by delivering the opening speech, followed by a gong ring with Dr Myo Thet, Vice President of UMFCCI.

The panel sessions included leading private sector representatives, high-level government officials and key experts from international organisations and academics. The Forum provided an overview of the “Economic Development of Myanmar and current business initiatives” and additionally on “Trade Affairs and European Investment”.  

The Myanmar-EU Economic Forum also provided the EuroCham Advocacy Groups with the chance to publicly acknowledge the tremendous improvements in business regulations by the government, while pointing out remaining challenges and offering the support of European companies in tackling them.

Key issues in the following sectors have been discussed: 

  • Energy: Powering the Myanmar Sustainable Development Plan
  • Construction:  Building a Sustainable Myanmar 
  • Health : Promoting innovation and co-operation to develop a sustainable healthcare system in Myanmar
  • Logistics:  Accelerating Myanmar growth through logistics – challenges and opportunities
  • Digital Innovation: Beyond Connectivity - harnessing internet access to benefit Myanmar
  • Anti - illicit Trade: Tackling Illicit Trade- Challenges and Opportunities for the Public and Private Sectors
  • Legal and Tax: Competition Law and Simplifying the Tax System
  • Agrobusiness: Making food safety work along the entire supply chain
  • Garment: A seamless industry for the future
  • Automotive: Vehicles safety: how could we improve it?
  • Wine & Spirits :The shared benefits of opening Myanmar’s spirits market

Additionally, two presentations in the framework of the newly launched EuroCham Myanmar Initiative were given. Mr Nicolas Delange, Vice Chair of EuroCham Myanmar, addressed the Air pollution theme, to echo the World Environment day topic. The second presentation was focusing on Respectful and Inclusive workplaces presented by Ms Vicky Bowman, Director of Myanmar centre for Responsible Business.

Through this event, European companies acknowledged they would like to see a continued government effort in working constructively on an investment friendly business climate to attract foreign investment, create jobs in Myanmar and assure sustainable and inclusive economic growth.

During the event, the EuroCham Myanmar 2019 White book was launched.It is the third edition of an annually released publication by the European Chamber of Commerce in Myanmar identifying the year’s focal business, trade and investment issues affecting EuroCham’s members, the business community and in many cases society at large.

Compiled from white papers drafted by EuroCham’s advocacy groups, the White Book offers holistic and realistic recommendations to the heads of relevant ministries and departments of the Myanmar government, the Delegation of the European Union to Myanmar, Ambassadors, Consuls and Trade Commissioners of the European member state missions in Myanmar, as well as international and sectoral partner organisations in Myanmar and media.

This 3rd edition of the Myanmar-EU economic forum proved to be a great event for businesses to meet and share knowledge on how to improve the business climate and attract more investments.

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