TASS, 27 July. The Roscongress Foundation and the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) agreed on cooperation. The document was signed by Alexander Stuglev, Chairman of the Board and CEO of the Roscongress Foundation, and U Aung Kyi Soe, Secretary General of UMFCCI.
The document provides for cooperation between the organizations in order to facilitate the development of trade and economic relations between Russia and Myanmar. In particular, the parties plan to work out a practical foundation for strengthening business relationships; coordinate each other’s efforts to create and develop a business network that would help disseminate information on business opportunities in both countries; cooperate for organization of congress and exhibition events, including sharing of expert knowledge and discussion of economic issues. They also plan to exchange economic statistics, publications, law and regulation wordings regarding economic and trade activities of business communities.
“It is a great pleasure and honour for me to cooperate with a major business organization, such as the Roscongress Foundation. I am convinced that the signed agreement will open a new chapter of close interaction between the business structures of Russia and Myanmar. I am sure that in the upcoming years we will be able to create and develop new mutually beneficial opportunities for business communities of our countries,” noted U Aung Kyi Soe, Secretary General of UMFCCI.
“There is a potential for cooperation development between the two countries. In the Soviet times we had close trade relations with Myanmar. I think that the agreement will help strengthen relationships between entrepreneurs from both countries; primarily, direct contacts in order to stimulate direct trade between Russian and Myanmar businesses rather than via third countries,” Alexander Stuglev emphasized.
The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international, congress, exhibition, and public events.
The Roscongress Foundation was founded in 2007 with the aim of facilitating the development of Russia’s economic potential and strengthening the country’s image by organizing conventions, exhibitions, and public events. The Foundation develops substantive content for such events, providing companies and organizations with advice, information, and expert guidance, and offering comprehensive evaluation, analysis, and coverage of the Russian and global economic agendas. It offers administrative services and promotional support for business projects and helps to attract investment, including in the form of public-private partnerships.
Today, its annual programme includes events held from Montevideo to Vladivostok, offering an opportunity to bring together global business leaders, experts, the media, and government officials in one place, creating favourable conditions for dialogue and the promotion of new ideas and projects, and assisting in the creation of social enterprise and charity projects.
The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI)
The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) is a national level non-governmental organization representing and safeguarding the interests of the private business sector. It was founded in 1919 as the Burmese Chamber of Commerce and upgraded to a federation status in 1989 to be in line with of the market-oriented economic policy adopted by the Government. It is formed by 16 Regional and State Chambers of Commerce and Industry, 9 Border Area Chambers of Commerce and Industry, 51 Affiliated National Level Federations and Associations and about 39,000 members.
Being at the apex of the Chambers and Associations in the country, the UMFCCI is standing tall as a national level non-governmental organization (NGO) representing and safeguarding the interests of the private sector by providing various services: HR Development Training, Training in commercial education, management and accounting, trade information, business facilitating services, business matching and consultancy services, as well as organizing delegations for participating in trade fairs, exhibitions, workshops and study tours and other services needed by the private business sector.
UMFCCI also acts as a bridge and a connection between the government and the private sector, voicing the interests of the latter. This important role is made possible by through a vast network of chambers and associations affiliated with UMFCCI. Moreover, with the increasing membership strength, UMFCCI has increased its role as a champion for business community.