Myanmar will host the 2014 ASEAN Business and Investment Summit (BIS) in Nay Pyi Taw in November, according to Vice-President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) U Wai Phyo Friday.
U Wai Pyo who is also a member of ASEAN Business Advisory Council (BAC) said that the 2014 ASEAN BIS is scheduled for Nov. 12- 14 later this year.
‘ASEAN BIS, organized annually by the ASEAN Business Advisory Council (ASEAN BAC), provides a platform for the business community to engage with ASEAN Leaders and economic ministers as well as key decision makers’, he said.
This annual summit aims to increase ASEAN’s attractiveness as a region for trade and investment and enhances regional competitiveness, a press release issued by ASE- AN BAC also said.
It is expected that ASEAN BIS will be attended by prominent government, busi- ness and business thinkers to discuss issues of strategic importance to Asia and East Asia. It also provides a platform for sharing of ideas, information and best practices.
ASEAN BIS also provides opportuni- ties for extensive business networking and linking up, it said.
Myanmar takes the rotating chair of ASEAN this year for the first time after join- ing ASEAN in 1997.
ASEAN comprises Brunei, Cambodia,Indonesia, Lao, Malaysia, Myanmar, thePhilippines, Singapore, Thailand and Vietnam.
