Yangon
: Japan has opened negotiations with
Myanmar on an investment agreement, the trade ministry said.
"Since
many Japanese private companies are trying to do business with Burma (Myanmar),
we want to reach the agreement as soon as possible," Mizzima News quoted
an official as saying.
The
earliest possibility for an agreement would be in November during a summit of
the Association of Southeast Asian Nations (ASEAN) and Japan in Cambodia, the
ministry said.
The US
and EU have eased most sanctions against Myanmar, except for arms sales.
In
April, Japan said it will forgive $3.7 billion Myanmar debt. It has also
resumed aid to support the country's democratic and economic reforms.
Japan
has donated $10.6 million to the UN World Food Programme to fight hunger in
Myanmar.
Myanmar's
reformist quasi-civilian government took office a year ago and has started
overhauling the economy, easing media censorship, legalizing trade unions,
freeing political prisoners and agreeing to ceasefire with ethnic minority rebels.
IANS,
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