Myan­mar-china bor­der trade in fo­cus

The Myanmar Times - Weekend - - Business - CHAN MYA HTWE chan­[email protected]­times.com

THE early im­ple­men­ta­tion of bi­lat­eral bor­der trade co­op­er­a­tion zone and the pro­mo­tion of bor­der trade, and in­vest­ment be­tween Myan­mar and China were dur­ing a meet­ing ear­lier this week the Min­istry of Com­merce has an­nounced.

Min­is­ter of Com­merce U Than Myint met with a Chi­nese del­e­ga­tion led by Mr Chen Hao, Com­mu­nist Party Sec­re­tary of Yun­nan Prov­ince on Mon­day.

The dis­cus­sions cov­ered co­op­er­a­tion into parts of the eco­nomic cor­ri­dor un­der China’s One Belt One Road pro­ject and the im­ple­men­ta­tion of part­ner­ship agree­ments, in­clud­ing the im­ple­men­ta­tion of bi­lat­eral bor­der trade co­op­er­a­tion zone, bor­der trade pro­mo­tion, im­prov­ing agri­cul­tural and live­stock in­dus­tries in Myan­mar and co­op­er­a­tion in trade and in­vest­ment in the Sh­weli-muse area.

Yun­nan Prov­ince is en­gaged in sig­nif­i­cant lev­els of trade with Myan­mar around Muse which is a ma­jor bor­der trad­ing point along the bor­der be­tween the two coun­tries be­sides the Lwe­jel, Kan­pite Tee and Chin Sh­we­haw bor­der trad­ing points.

Ac­cord­ing to the min­istry, the four bor­der trade cen­tres recorded trade vol­ume of US$3.3 bil­lion (K5 tril­lion) be­tween April and Septem­ber, with Muse alone ac­count­ing for US$3 bil­lion of the to­tal.

Myan­mar ex­ported goods worth US$2.4 bil­lion to China while im­ports to­talled US$900 mil­lion.

In the five-year pe­riod up to this year, Myan­mar has ben­e­fited from a trade sur­plus in trade along the bor­der ar­eas with China.

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