26 September 2022
At the invitation of Secretary General of the Asian-African Legal Consultative Organization-AALCO Dr. Kamalinne Pinitpuvadol, a Myanmar delegation led by the Union Minister for Legal Affairs and Union Attorney General Dr Thida Oo is attending the 60thAnnual Session of the AALCO that is being held in New Delhi, India from 25th to 29th September.
At the event, the General Secretary of AALCO and the Minister of State for External Affairs of India extended greeting respectively. At the event, Union Minister Dr Thida Oo said that the Asian-African Legal Consultative Organization-AALCO was formed on 15th November 1956 and this is a result ofthe historic Bandung Conference held in April 1955.
Myanmar is a founding member and Sri Lanka, India, Indonesia, Iraq, Japan and the United Arab Emirates are original member countries. The purpose of the conference is to boost economic and cultural cooperation in Asian-African countries.
The AALCO is a Non-Aligned Movement (NAM) Organization that emerged after the Bandung Conference, and only includes Asian and African countries. The 8 Bandung Declarations are included in the UN Charter and international principles.
As Myanmar is a member country of the United Nations and also a member country of ASEAN, and respects the UN Charter and the ASEAN Charter. Myanmar practices independent, active and non-aligned foreign policy and has enacted in the 2008 Constitution.
Today, the Asia-Africa region is continuously developing and it is a suitable region to make investments. As a member of ASEAN, Myanmar is located in a strategic place to trade with countries in Southeast Asia and South Asia and to connect with other countries.
Myanmar has already enacted the necessary laws to facilitate foreign investors.Therefore, if foreign investors invest in Myanmar, they will be able to export their products to the world market easily and quickly, and they will enjoy good profits in those ways.
The Union Minister also said Myanmar welcomes the inclusion of investment in AALCO's agenda. The Union Minister also exchanged views with the delegates of member countries on the work programs being undertaken by the International Law Commission (ILC) at the General Assembly, the International trade law, the international law on investment and international law issues.
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