Akazawa asks US to stick with Existing Trade Agreements

dpWEB1234

News Image

  • Akazawa asks US to stick with Existing Trade Agreements

Japanese Trade Minister Akazawa Ryosei said he asked his US counterpart to make sure the latest developments on tariffs will not affect existing agreements between the nations.

A deal reached last July imposed a 15-percent tariff on imports from Japan. Also agreed was that levies on Japanese automobiles and auto parts under a different law would be lowered from 25 percent to 15 percent. A further element of the trade relationship was revealed last week. That was the first set of projects in Japan’s 550-billion-dollar investment in the American economy.

mitv

EN-News-Category
Business news
Business-International news

Related News

Final Coordination Meeting: Draft law for MSMEs Dev. and Protection discussed
Final Coordination Meeting: Draft law for MSMEs Dev. and Protection discussed
The final coordination meeting concerning the Draft Law for the Development and Protection of Micro, Small and Medium Enterprises (MSMEs) was held at the meeting hall of the Ministry of Legal Affairs in Nay Pyi Taw on February 25th.The meeting was attended by the Union Minister for Legal Affairs and Union Attorney General Dr. Thida Oo, Union Minister for Industry Dr. Charlie Than, Deputy Minister, Deputy Attorney General, the Director General of the Legislative Vetting Department, the Director General of the Department of Industrial Supervision and Inspection, and responsible officials.Following the opening remarks by the Union Minister and Union Attorney General, the Union Minister for Industry clarified that the drafting of a new Law for the Development and Protection of Micro, Small amd Medium Enterprises was undertaken based on recommendations from the Ministry of Legal Affairs.At the Central Committee for MSME Development meeting (1/2023), it was decided to repeal the 2015 Small and Medium Enterprises Development Law and enact a new law rather than amend the existing one, incorporating digital economy aspects, research activities, and start-up business operations that were not included in the previous legislation.Responsible officials attending the meeting then discussed and presented the contents of the draft law article by article. The Union Minister and Union Attorney General reviewed and finalized coordination on the draft law, noting that it is an appropriate piece of legislation that should be enacted to successfully implement the State's MSME development policy, ensure alignment with current conditions, and contribute to the country's economic development, it’s reported.mitv
Thu, 26-Feb-2026
MIC Meeting (2/2026): MIC Chairman and members attended the meeting
MIC Meeting (2/2026): MIC Chairman and members attended the meeting
The Myanmar Investment Commission held its meeting No. (2/2026) on February 25th at the Meeting Hall, Office No. (5) in Nay Pyi Taw. The meeting was attended by the Chairman of the Myanmar Investment Commission, Union Minister U Mya Tun Oo, and Commission members.During the meeting, the Commission approved, including capital increases for existing investment enterprises, two new foreign investment enterprises from the industrial sector and 15 new Myanmar citizen investment enterprises. The investment amount for these enterprises is 7.644 million USD and 557.907 billion Kyats, which will create 2,449 job opportunities.The enterprises approved at this meeting include electric vehicle assembly, production, and sales businesses, which are critically needed for the country, foodstuff production businesses, livestock businesses, agricultural input production businesses, as well as residential building construction businesses and garment manufacturing businesses that will create numerous job opportunities.Among the 53 countries/regions investing in Myanmar as of the end of January 2026, the countries/regions making the most investments are Singapore, China, and Thailand. Among the 12 economic sectors, the most invested sectors are the electric power sector with 28.27 percent of total investment, the oil and natural gas sector with 24.62 percent and the industrial sector with 14.65 percent.The Myanmar Investment Commission is reviewing and approving investment proposals submitted by domestic and foreign investors, as well as providing investment-related services for existing investors in accordance with the Myanmar Investment Law, it’s reported.mitv
Thu, 26-Feb-2026
CBM continues US$2.5M injection into edible oil sector
CBM continues US$2.5M injection into edible oil sector
The Central Bank of Myanmar (CBM) injected 2.1 million baht and US$180,000 into the market on 24 February, in addition to selling over $2.5 million to edible oil-importing companies.CBM sold $1.1 million, purchased from CMP companies, to edible oil-importing companies, in addition to selling 260,000 yuan in the market.CBM announced on 20 November that it would sell $30 million to fuel oil importers. CBM also injected $543,000 and 1.3 million baht into the market after selling $1.35 million to edible oil- importing companies on the same day.CBM pumped over 971,900 yuan and 4 million baht into the market, and sold over $1.84 million to edible oil importing companies.CBM sold $900,000 to edible oil-importing companies and $2 million to fuel oil-importing companies on 18 February, along with an injection of $2 million, 130,000 yuan and over 679,540 baht on that day.CBM sold over $43 million, 65 million baht and over four million yuan in January 2026.CBM aims to curb the instability in the foreign exchange market and currency devaluation. According to CBM’s notification on 15 March 2024, it has been collaborating with law enforcement agencies to combat and prosecute those who attempt to manipulate the currency market under the existing laws. CBM allowed authorized dealers (private banks) to operate online foreign exchange trading freely as per the market rate, depending on supply and demand, starting from 5 December 2023. — NN/KKgnlm
Thu, 26-Feb-2026
YCDC calls for open tender to procure 50,000 gallons of diesel
YCDC calls for open tender to procure 50,000 gallons of diesel
The Yangon City Development Committee (YCDC) invited interested business entities to compete in bidding for the supply of 50,000 gallons of diesel.Those 50,000 gallons of diesel will be utilized in the projects of the YCDC in the 2025-2026 financial year. The tender form is available at the Procurement Division in the City Hall (first floor) starting from 25 February 2026. The tender closing date is noon on 4 March. Individuals can enquire details by dialling 01 388732 during office hours. — NN/KKgnlm
Thu, 26-Feb-2026
MFVP invites dried taro exporters
MFVP invites dried taro exporters
For exporting dried taro stems to the Republic of Korea, interested export companies are invited, said the Myanmar Fruit, Flower and Vegetable Producer and Exporter Association.The Fresh Leaders Co Ltd in Incheon has imported agricultural products from Vietnam, Thailand and China and then distributed their imports to local well-known companies – Ottogi Corporation and CJ Group.The notification sent from the Myanmar Trade Promotion Organization says the Korean company has offered to export dried taro stems as an ingredient of Korean spicy beef soup, MFVP said. Interested member companies can submit their company name, contact person, position and Viber phone number to the MFVP office’s Viber phone number 09 43127656, MFVP announced on 24 February. — MT/ZSgnlm
Wed, 25-Feb-2026
GRGI reissues tender for rice husk briquettes
GRGI reissues tender for rice husk briquettes
GRGI Co Ltd re-invited interested business entities, SMEs, companies, rice millers and rice husk briquettes processors to compete in bidding for the supply of rice husk briquettes.Tender applications can be withdrawn at the company, 2A (1/16 G) Office Tower, 8th floor, Manaung Ward on East Horse Race Course Road, Tamway Township, between 24 February and 9 March. The deadline for the tender submission is 5 pm on 9 March.Interested individuals can submit a tender (GRG/OP/001-25-26) to the company along with the company registration copy, a company update extract copy, a YCDC business licence copy, two kilogrammes of briquettes and other documents mentioning business profile, production capacity and past experiences.They can also enquire about details of the tender through the following contact numbers of the tender committee at 09 5078091 and 09 425308385 during working hours. — NN/KKgnlm
Wed, 25-Feb-2026
© Copyright 2024 SAC All Rights Reserved.