Sino-Myanmar border fair to promote bilateral trade

Updated: 2007-12-10 10:39

MUSE, Myanmar -- A China-Myanmar border trade fair will be opened on Monday in a Chinese border town in Southwestern Yunnan province linking Myanmar's Muse in Shan state aimed at promoting the bilateral trade between the two countries.

It is the 7th of this kind trade fair between the two countries and also the second time for an annual China-Myanmar border trade fair to be participated by other neighboring countries such as Thailand, India and Bangladesh.

The five-day China-Myanmar border trade exhibition to be held in Jiegao, Ruili, Chinese border town linking with Myanmar, which will run until Friday, are joined by about 100 Myanmar enterprises.

Myanmar products, displayed at its 60 booths in the fair, cover agricultural produces such as various beans and pulses, maize and sesame, marine products, rubber, furniture and gem items.

During the trade fair, a joint committee meeting for China-Myanmar border trade and a coordination meeting on economic affairs are to be attached.

Ruili remains a main border trade point of China with its border trade volume alone accounting for 70 percent of Yunnan province's border trade with neighboring countries.

Since 2001, China-Myanmar border trade exhibitions have been held annually and alternately in respective border towns and the last event was in Myanmar's Muse in December 2006.

Meanwhile, Myanmar established a 150-hectare Muse border trade zone, the first largest of its kind in the country, and transformation of its border trade with China into normal trade has been underway since early 2005.  

In March this year, a 350-strong economic and trade delegation of Yunnan Province of China, led by Governor of Yunnan Province Qin Guangrong, visited Yangon and held trade and investment promotion meeting with its Myanmar counterparts, serving as a giant step forward for trans-border normal trade.

At the meeting, attended by a total of over 600 businessmen from over 400 companies from both sides, Yunnan Province of China and Myanmar signed a seven series of trade accords in Yangon which deal with agricultural, mining and trade cooperation.
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