Myanmar needs Japanese investments as well as capacity-building support as the Southeast Asian nation faces the massive challenge of rapid economic reforms, leading figures in the country's business community said at a recent symposium in Tokyo.
Speaking at the event organized by the Keizai Koho Center on March 7 to discuss the country's economic and political reforms, Tin Htut Oo, chairman of the National Economic and Social Advisory Council of Myanmar, urged Japan to cooperate with Myanmar in beefing up its agriculture and food production capacity, which he said would contribute to addressing the issue of regional food security in Asia.
Tin Htut Oo said that the rising global population and increasing energy demand requires production of more food using fewer resources. Citing a U.N. Food and Agriculture Organization report, he said that 70 percent of future food production growth will have to come from new technology, innovation and better policy.