Eco­nomic zone on Myan­mar bor­der be­gins

Global Times US Edition - - BIZUPDATE -

Work on es­tab­lish­ing an eco­nomic co­op­er­a­tion zone along the Myan­mar-China bor­der has started with the pri­or­ity given to the Muse (Myan­mar)Ruili (China) sec­tion, the of­fi­cial Global New Light of Myan­mar re­ported on Tues­day.

Con­struc­tion will start first on the Muse-Ruili sec­tion with the two sides erect­ing fences re­spec­tively, said Deputy Min­is­ter of Com­merce U Aung Htoo, who is also sec­re­tary of the Cen­tral Com­mit­tee to Im­ple­ment the Myan­mar-China Bor­der Eco­nomic Co­op­er­a­tion Zone.

Gov­ern­ment of­fi­cials from the two sides will con­tinue to hold dis­cus­sions on the es­tab­lish­ment at a bor­der trade expo due to take place in Muse in mid-De­cem­ber with busi­ness-to-busi­ness talks to be con­ducted, the news­pa­per quoted an of­fi­cial of the Com­merce Min­istry as say­ing.

The bor­der eco­nomic co­op­er­a­tion zone is ex­pected to pro­mote do­mes­tic and for­eign in­vest­ment, cre­ate busi­ness op­por­tu­ni­ties and jobs, help small- and medium-sized en­ter­prises to grow, de­velop man­u­fac­tur­ing power and im­prove bi­lat­eral trade.

The eco­nomic co­op­er­a­tion zone plan is also part of the Belt and Road ini­tia­tive (B&R). Xin­hua

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