Nai Pyi Taw, 26 May 2023 (TDI): On Thursday, China and Myanmar held the fourth border trade fair in Myanmar’s capital, Nay Pyi Taw. The fair will continue till 28th May.
At the opening ceremony, Union Minister for Planning and Finance U Win Shein said, the trade fair reflects “Paukphaw (fraternal) friendship, promotion of bilateral trade and economic cooperation and multi-sector cooperation between the peoples of the two countries.”
Also, the Union Minister for Commerce U Aung Naing Oo reiterated that the core purpose of the fair is not only about enhancing bilateral trade but also expanding investment and fostering good as well as strong relationships between entrepreneurs of the two countries.
By doing so, the two countries would be able to create more job opportunities by boosting tourism and bilateral cooperation. Being the major trade partners, China and Myanmar’s initiative of border fairs plays a major role in the trading between both countries.
The Chinese Ambassador to Myanmar, Chen Hai, stated that Lincang, a border region in China’s Yunnan province, serves as the forefront of Yunnan’s interactions and collaboration with Myanmar.
He further highlighted that Lincang possesses geographical benefits for facilitating openness and cooperation between the two countries. Therefore, he added that the fourth border trade fair is a vital source of bringing economic and trade cooperation between the two.
It is interesting to note that 60 associations or businesses from Myanmar took part in the fair, showcasing various items such as food, souvenirs, gems and jewelry, tea, coffee, agricultural products, wood products, and tourism services.
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Moreover, over 70 Chinese enterprises participated in the exhibition, displaying products like solar appliances, clothing, construction materials, consumer goods, and cosmetics.
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