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Myanmar, Singapore vow to enhance economic cooperation

by June 7, 2016 General

NAY PYI TAW, June 7 (Xinhua) — Leaders of Myanmar and Singapore Tuesday vowed to enhance cooperation in economy and vocational education, U Zaw Htay, spokesman of Myanmar’s President, told the press.

During a meeting between Myanmar President U Htin Kyaw and visiting Singapore Prime Minister Lee Hsien Loong here, the two leaders had discussions on boosting bilateral investment, opening of Singapore’s vocational training institute in Yangon, tourism promotion and review of the two countries’ avoidance of double taxation agreement signed in 1999.

An agreement between the two governments on mutual exemption of visa for ordinary passport holders was signed on the occasion.

The exemption, which grants 30 days of stay by ordinary passport holders in each other’s country, will be effective from December this year, the spokesman said.

On Tuesday, Prime Minister Lee also met with Myanmar State Counselor and Foreign Minister Aung San Suu Kyi who responded to the prime minister’s call for active participation in international affairs by the two countries.

Prime Minister Lee Hsien Loong arrived in Nay Pyi Taw earlier Tuesday on a three-day goodwill visit to Myanmar , aimed at consolidating the two countries’ friendship and cooperation and helping Myanmar with its development.

At the invitation of Myanmar President U Htin Kyaw, Lee is the first leader of Asian countries to visit Myanmar after the new government assumed office on April 1.

Lee’s visit also comes on the occasion of the 50th anniversary of Myanmar-Singapore diplomatic ties.