ASEAN coordinating committee on investment to meet in Myanmar

YANGON, Jan. 3 (Xinhua) — Myanmar will host the 62nd ASEAN Coordination Committee on Investment in Nay Pyi Taw next weekend, state media reported Friday.

Dozens of investment officers from member nations of the Association of Southeast Asian Nations (ASEAN) and host Myanmar will discuss at the two-day meeting on Jan. 10-11 matters related to amending the ASEAN Comprehensive Investment Treaty, amendment of unpermitted accounts included in the treaty and ongoing work programs in implementing the treaty, said the New Light of Myanmar.

The ASEAN Coordination Committee on Investment carries out promotion of investment in the region, smoothing and relaxing rules and regulation and encouraging further flow of investment from regional countries.

The committee also plays as a leading supervisory committee for implementation of investment commitment and cooperation among ASEAN and dialogue partner countries, the report added.

The committee meeting will be followed by the first Myanmar- host ASEAN foreign ministers meeting (AMM) on Jan. 15-18 in Bagan, Mandalay region.

Taking over from Brunei, Myanmar started to assume the chairmanship of the bloc on Jan. 1.

During Myanmar’s one-year term of the ASEAN chairmanship, more than 240 regional meetings are scheduled to be held in Nay Phi Taw, Yangon, Mandalay and Bagan.

ASEAN adopted its Vision-2020 in 1997 and is striving for establishing ASEAN Community in 2015. ASEAN is playing a leading role not only for regional integration but also for East Asia Summit, ASEAN+3 Summit, ASEAN Regional Forum and ASEAN Defense Ministers Meeting.

Myanmar became an ASEAN member in 1997.

ASEAN comprises Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.