Chinese state companies seek business link with MyanmarStaff writer ▼ | March 12, 2015
A delegation comprising business leaders from 40 state-owned enterprises from China's eastern port of Tianjin held a meeting with their Myanmar counterparts to explore businesses and trade opportunities.
Cooperation in Asia 40 state-owned enterprises interested in Myanmar
A Memorandum of Understanding (MoU) was signed between U Zaw Naing Thein, CEC member of UMFCCI and Myanmar Investment Committee Chairman, and Liu Jianzhong, Deputy Director of TJ-SASAC to promoting the economic and trade relations between Myanmar and Tianjin.
UMFCCI has signed a total of 16 MoUs with China including the one with Tianjin in a bid to boost closer business ties between two countries.
Meanwhile, bilateral trade between Myanmar and China reached 7, 016.24 U.S. dollars in the fiscal year 2013-14.
According to official statistics, China's investment in Myanmar amounted to 14.49 billion U.S. dollars in 87 projects as of January 2015, accounting for 27.25 percent of the total foreign input and ranking the 1st in Myanmar's foreign investment line-up since the country opened its door in late 1988. ■