YANGON. Feb 1: Myanmar and Bangladesh have agreed to Jointly run fishery in Myanmar by setting up a Joint-veftture company, reports Xinhua.

According to a contract signed here on Friday, the fisheries department of the Myanmar Ministry of Livestock and Fisheries, and the Cox's Bazar Sea Foods of Bangladesh will invest 100 million kyats (600.000 US dollars) for the joint-venture project, the official paper, the New Light of Myanmar reported today.

The contract Includes setting up a 20-ton ice factory in Maungdaw of Myanmar's Rakhine state. The company will carry out prawn breeding and trading the report added.

In recent years, foreign com-Bantes Investing In fishery in lyanmar have reportedly come from Thailand. China and Japan, which have formed Joint ventures with the country's state-run fishery enterprises.