LAST WEEK IN NAY PYI TAW
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.