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Myanmar Reforms Reach Automobile Market
Tuesday, August 7, 2012 23:41
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Decades of military rule and trade-crippling sanctions have left Myanmar with one of the oldest fleets of cars on the streets. But as the country opens up and western sanctions have been eased or suspended, newer vehicles may soon be seen on the roads, with Japanese investors particularly interested in the market. The Ministry of Rail Transportation held a news conference Monday to announce a partnership with the Japan Car Company, Ltd., a training school developed by Japanese businessmen to teach students how to repair and maintain cars. After pro-democracy leader and Nobel peace prize laureate Aung San Suu Kyi won a seat in Parliament, Myanmar's neighbours and the world are hoping to see continuing changes in the country. [Kazuhisa Iwamoto, Japan Car Company, Ltd., President]: “What we hope for, is for the current government, including Suu Kyi, to really develop. We can do our part to help by providing support from Japan. Myanmar is a country that we really hope will develop.” Iwamoto's company is trying to open up a school in Yangon where Burmese workers can learn how to work with newer vehicles. Meanwhile, a car exposition advertising mostly vehicles from Japan came to Yangon with a group of about three dozen cars. The models ranged from 1997 to 2002 with price tags between $15000 USD to $23800 USD, which is still up to double the selling price in other countries. [Thein Tun Aung, Myanmar Bright Wing Company, Ltd., Employee]: “Other countries say only the very rich in …
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