LAST WEEK IN NAY PYI TAW

Mizzima Business Weekly - - CONTENTS -

An of­fice of the China-Myan­mar Eco­nomic Cor­ri­dor of the China En­ter­prises Cham­ber of Com­merce in Myan­mar (CECCM) was set up in Nay Pyi Taw on May 17, re­ported Xin­hua. Speak­ing at the open­ing cer­e­mony of the of­fice in Zabuthiri town­ship, Myan­mar Com­merce Deputy Min­is­ter Aung Htoo said that the of­fice could help of­fer bet­ter job op­por­tu­ni­ties for the trade link be­tween the two na­tions. Chi­nese Am­bas­sador Hong Liang said the branch of­fice will boost com­mu­ni­ca­tion and co­op­er­a­tion be­tween the CECCM and rel­e­vant Myan­mar govern­ment de­part­ments. It also helps the Chi­nese em­bassy bet­ter im­ple­ment its work and ben­e­fits com­pa­nies par­tic­i­pat­ing in the Belt and Road Ini­tia­tive. The 1,060-km pipe­line that car­ries crude oil and nat­u­ral gas from the Mid­dle East to China and links Myan­mar's coastal town Kyauk­phyu with south­west China's Kun­ming city, is part of the China-Myan­mar Eco­nomic Cor­ri­dor. The Union of Myan­mar Fed­er­a­tion of Cham­bers of Com­merce and In­dus­try (UMFCCI) Sec­re­tary-Gen­eral Aung Kyi Soe said the Chi­naMyan­mar Eco­nomic Cor­ri­dor Of­fice will help en­trepreneur­s of the two na­tions op­er­ate their busi­nesses trans­par­ently and smoothly and also help cre­ate jobs for the peo­ple. To pro­mote trade and in­vest­ment through the eco­nomic cor­ri­dor, a Myan­mar-China Busi­ness As­so­ci­a­tion has been formed un­der the UMFCCI. CECCM Chair­man Liu Ying said the of­fice will ex­plore eco­nomic co­op­er­a­tion by com­bin­ing Myan­mar's busi­ness sta­tus and Chi­nese com­pa­nies' ad­van­tages.

Photo: Hong Sar for Mizzima

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