SINGAPORE /PRNewswire/
-- More than 120 business leaders and entrepreneurs attended the
recent launch of the German Myanmar Business Chamber (GMBC) at the
Residence of the German Ambassador, H.E. Christian-Ludwig
Weber-Lortsch. The GMBC is a platform exchange between German
and Myanmarcompanies
that are seeking business opportunities in Southeast
Asia's fastest growing market. Furthermore, it seeks to
establish a dialogue with the Myanmar government
on economic frameworks.
"The
GMBC will work in a spirit of partnership. In order to succeed,
German and Myanmar companies
need to be committed to sharing market insights, knowledge and
networks with each other. The GMBC aims to foster this dynamic
interaction and collaboration," says Jens
Knoke, Founding President of the GMBC. The founding
Executive Committee stands exemplarily for this approach, bringing
together two strong German corporates, one of the leading local
manufacturers and a Joint Venture company.
With
an inaugural membership of more than 50 companies, GMBC will
promote German business activities withMyanmar companies
and government agencies, and opportunities in Myanmar with
the German business community. It will work closely with the
Delegation of German Industry and Commerce to support German
corporate activities while facilitating knowledge transfer towards
developing the Myanmar private
sector. Apart from the growing base of German companies
in Myanmar,
GMBC has on its roster of members Myanmarcompanies
that have partnerships or are exploring opportunities with German
businesses here or abroad.
"Germany has
a strong basis in manufacturing -- a
sector which needs to develop more strongly in Myanmar.
While working on a strong market position in Myanmar,
German member companies are committed to share know-how on
efficient technologies and management. Together, we hope to build
responsible and sustainable business practices that will create
multiple economic opportunities and long-term progress for the
country," adds Mr. Knoke.
Germany is
a long-standing partner of Myanmar.
It was one of the first countries to renew and strengthen ties
withMyanmar since
the latter opened its doors to the international business community
in 2011. Bilateral trade between the two countries has been growing
steadily over the past few years. According to official German
trade statistics, German exports to Myanmar reached EUR130
million in 2014. Imports have been growing dynamically to
almost 100 million
USD in 2014, a staggering 79% increase compared to the
year before.
Germany's main
imports from Myanmar are
garments, while its principal exports to Myanmar are
machinery, data-processing equipment, electrical and optical goods,
chemical products, motor vehicles and vehicle parts and
pharmaceutical products. German companies
targeting Myanmar's growing
consumer and industrial market include global leaders such as
Bayer, BASF, Bosch, Henkel, Siemens and ThyssenKrupp.
About GMBC
Founded in 2015, the German Myanmar Business Chamber is the
official membership organisation of companies active in
German Myanmar business
relations and a platform for bilateral exchange and co-operation.
It works alongside the Delegation of German Industry and Commerce.
Its Founding Executive Committee Members are:Jens
Knoke (Henkel), Philipp
Hoffmann (JJPun), Andre de
Jong (Robert
Bosch) and Christoph
Steinwehe (Loi
Hein).
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