Burma gives Japan a place on edge of its commercial capital

Oct 3, 2012

Japan offers Burma $18bn in aid, investment and debt forgiveness for special economic zone

BURMA, SUNDAY: Hot air balloons rise above the pagodas of northern Burma's ancient town of Bagan.

Reuters reports Japan is ramping up investment in Burma (Myanmar). The country has offered Japan a special economic zone at Thilawa, a spot near both Burma’s largest city Rangoon (Yangon) and a port on the Indian Ocean in exchange for least $18 billion in aid, investment and debt forgiveness from government and private sources. In addition, Japan will provide up to $3.2 billion towards construction of another special economic zone and deep-sea port in Dawei in the south of the country.

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