A coordination meeting on the conditions precedent that must be fulfilled by both Myanmar and CITIC for the successful imple­mentation of the Kyaukpyu Spe­cial Economic Zone deep seaport project was held yesterday at Meeting Hall 1 of the Ministry of Commerce in Nay Pyi Taw.

At the meeting, Dr Kan Zaw, Chairman of the Myanmar Special Economic Zone Central Working Committee and Union Minister for Investment and Foreign Economic Relations stated that a development plan to enhance cooperation between Myanmar and China and to pro­mote the deep seaport project should be drafted in line with the current era to expedite the project’s commencement, as it plays a key role in the economic development of both Myanmar and China.

Union Minister for Com­merce U Tun Ohn, who is also Vice-Chairman of the Myanmar Special Economic Zone Central Working Committee, added that the project is important for My­anmar, and the Myanmar-China Economic Corridor coopera­tion project, which is strategic for China, has been launched. Therefore, bilateral trade and investment will be promoted. He highlighted the efforts to complete the work by setting a timeline before the end of the fixed timeline.

Afterwards, the officials from CITIC Consortium Myan­mar Port Investment Limited reported on the completion and ongoing plans, and the depart­mental officials discussed EIA/ SIA and the Development Plan. After hearing the reports, Union Minister Dr Kan Zaw concluded the meeting. — MNA/KTZH