The meeting will also lay down future plans for their cooperation. Speaking at the opening session of the coordination meeting on Friday, Burmese Minister of Hotels and Tourism and Acting Minister of Commerce Major-General Saw Lwin said Burma is inviting investment and technology of Japan to develop the country by exploiting its rich natural resources, adding that profits will be shared equally among the partners. The business cooperation committee of the Burma-Japan federations of CCI was established in February 1998, aimed at enhancing bilateral economic cooperation between the two countries. However, Japan's total investment injected into Burma so far amounted to 232.88 million dollars since late 1988 when Burma opened to foreign investment, ranking the ninth in foreign investor line-up.
Japan stands as Burma's fourth largest trading partner after Singapore, Thailand and China.