August 19, 2016

Myanmar-China bilateral trade discussion held in Kengtung

Trucks loaded with goods are seen en-route to China.
Trucks loaded with goods are seen en-route to China.

Kengtung, March 18 – Discussion was held recently at the Department of Trade in Kengtung, Eastern Shan State, on bilateral boarder trade between Myanmar and China.
“It was a discussion of entrepreneurial associations and companies from both countries on the benefits of bilateral trade, not just for those actors involved in the trade industry, but for both countries as a whole.” said U Khin Aung Thwin, assistant director of the Department of Trade for Kengtung township.
Myanmar representatives present during the aforementioned discussion have made it known that dialogue was held because of Chinese entrepreneurs and companies’ willingness to  invest in agricultural enterprises other than rice industries, as well as textiles and wooden furniture enterprises.
Paddy produced in Eastern Shan State is transported to China via Kengtung, up through Mong La on the Myanmar side of the boarder. If the 300 Chinese yuan in duty, which has to be paid for every ton of rice exported to China, could be reduced, or if expenses could be alleviated by exporting rice to China from the Wanpone wharf, located on the Mekong river, then it would make life easier for companies and farmers exporting rice, said Chin Hsin, chair of China-ASEAN financial enterprise.
“We haven’t been able to establish a strong, firm and stable economic community as yet because the generation of industry of eastern Shan State traders and companies, together with other company owners, whether as an individual or as a company, is operated solely on the financial investment capital of others.” said by U Saing Zaw Min, chair of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) for Kengtung.
It is known that the aforementioned dialogue was attended by staff from the Eastern Shan State Department of Trade, the chair and members of the Kengtung UMFCCI, rice and paddy entrepreneurs, rice mill entrepreneurs, the committee of city markets, head of the Kengtung Department of Agriculture, and the chair of China-ASEAN financial enterprise.


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