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Myanmar considers joining EITI

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(Globalpost/GlobalPost)

Myanmar considers joining EITI

YANGON, Dec. 11 (Xinhua) -- Myanmar is preparing to join the Extractive Industries Transparency Initiatives (EITI), an international standard aiming to the transparency in the mining industry, state media reported Wednesday.

It was discussed when Myanmar President U Thein Sein met with visiting Chair of the EITI Board Clare Short in Nay Pyi Taw on Tuesday.

President U Thein Sein acknowledged the need for better governance of Myanmar's natural resource wealth.

"We want to use the EITI to ensure that these resources are developed and managed in a transparent manner for the sustainable benefit of our people," he said.

Their discussions also covered cooperation between Myanmar and the EITI, drawing work plan dealing with oil and natural gas, mining, forestry and fishery sectors, providing training courses and sharing experiences, the report said.

The discussions were joined by three Myanmar ministers concerned, it added.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/131211/myanmar-considers-joining-eiti