Thu, October 22, 2009
Business > Industries > 2009 China-ASEAN Expo

Myanmar booth highlights Muse border town in China-ASEAN trade fair

2009-10-22 10:22:42 GMT2009-10-22 18:22:42 (Beijing Time)  Xinhua English

YANGON, Oct. 22 (Xinhua) -- Myanmar booth on display at the 6thChina-ASEAN trade fair being held in Nanning, capital of Southwest China' Guangxi Zhuang Autonomous Region, highlights the Muse border town as a town of facilitating trade and cooperation in levying tariff, companies attending the trade fair said on Thursday.

There are 242 entrepreneurs of 83 companies taking part in the five-day trade fair which began on Tuesday and will last until Saturday.

These entrepreneurs are from such sectors as agriculture, fishery, industry, manufacturing, gems, traditional handicrafts, forestry and hotel and tourism, the sources said.

Since joining the China-ASEAN trade fair in 2004, Myanmar booth featured the commercial hub of Mandalay in the second trade fair, tourism site of ancient city of Bagan in the third fair, port city of the former capital Yangon in 4th fair and cyber city of Yadanarpon in the 5th fair, the sources said, adding the country won the best booth, best design and best creativity awards in the 4th China-ASEAN trade fair in 2007.

In the 5th China-ASEAN trade fair, Myanmar won the best booth award again.

In December last year, a three-day Myanmar-China border trade fair was held in the Muse 105th Mile Border Trade Zone on the Myanmar side.

The 8th Myanmar-China border trade fair, participated by companies and enterprises from both countries, displayed products from respective countries at over 200 booths.

Muse border trade point stands the biggest out of 11 with neighboring countries, where 70 percent of Myanmar's border trade are carried out.

According to Chinese official statistics, China-Myanmar bilateral trade amounted to 2.626 billion U.S. dollars in 2008, up26.4 percent.

Up to the end of 2008, China's contracted investments in Myanmar reached 1.331 billion dollars, of which mining, electric power and oil and gas respectively took 866 million dollars, 281 million dollars and 124 million dollars.

China now stands the 4th in Myanmar's foreign investment line-up.

China's Nanning and Myanmar's Yangon established friendship city relationship in July this year.

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