Xinhua, Yangon :
The Korean International Cooperation Agency (JICA) will launch a fresh 22 million U.S. dollars’ project for the improvement of 100 villages in Myanmar, according to the Ministry of Agriculture and Irrigation Saturday.
The five-year Saemual Undong aid project (2015-19) covers the 100 villages scattered in Nay Pyi Taw, Yangon, Tanintharyi, Ayeyawaddy, Mandalay, Sagaing regions and Shan state.
JICA and Myanmar signed a framework agreement in September to help the latter establish model villages, research and technology on post-harvest, in-land fish farms, schools and power stations in rural areas.
According to official statistics, South Korean investment in Myanmar amounted to 3.087 billion U.S. dollars in 96 projects as of September 2014, accounting for 6.19 percent of the total foreign input and ranking the 6th in Myanmar’s foreign investment line-up since Myanmar opened its door in late 1988.
Bilateral trade between Myanmar and South Korea reached 1.569 billion U.S. dollars in the fiscal year 2013-14, of which Myanmar’ s export to South Korea accounted for 352.92 million dollars while its import from the East Asian country stood at 1.217 billion dollars.
The Korean International Cooperation Agency (JICA) will launch a fresh 22 million U.S. dollars’ project for the improvement of 100 villages in Myanmar, according to the Ministry of Agriculture and Irrigation Saturday.
The five-year Saemual Undong aid project (2015-19) covers the 100 villages scattered in Nay Pyi Taw, Yangon, Tanintharyi, Ayeyawaddy, Mandalay, Sagaing regions and Shan state.
JICA and Myanmar signed a framework agreement in September to help the latter establish model villages, research and technology on post-harvest, in-land fish farms, schools and power stations in rural areas.
According to official statistics, South Korean investment in Myanmar amounted to 3.087 billion U.S. dollars in 96 projects as of September 2014, accounting for 6.19 percent of the total foreign input and ranking the 6th in Myanmar’s foreign investment line-up since Myanmar opened its door in late 1988.
Bilateral trade between Myanmar and South Korea reached 1.569 billion U.S. dollars in the fiscal year 2013-14, of which Myanmar’ s export to South Korea accounted for 352.92 million dollars while its import from the East Asian country stood at 1.217 billion dollars.
