A delegation comprising business leaders from 40 State-owned enterprises fromChina's eastern port of Tianjin on Tuesday held a meeting with their Myanmar counterparts toexplore businesses and trade opportunities
The Tianjin delegation was led by Li Fuming, Chairman of State-owned Assets Supervision andAdministration Commission of Tianjin Municipal People's Government (TJ-SASAC) while theMyanmar delegation was headed by Union of Myanmar Federation of Chambers of Commerceand Industry (UMFCCI) Vice President Dr Myo Thet.
A Memorandum of Understanding (MoU) was signed between U Zaw Naing Thein, CECmember of UMFCCI and Myanmar Investment Committee Chairman, and Liu Jianzhong, DeputyDirector of TJ-SASAC to promoting the economic and trade relations between Myanmar andTianjin.
UMFCCI has signed a total of 16 MoUs with China including the one with Tianjin in a bid to boostcloser business ties between two countries.
Meanwhile, bilateral trade between Myanmar and China reached $7,016.24 in the fiscal year2013-14.
According to official statistics, China's investment in Myanmar amounted to $14.49 billion in 87projects as of January 2015, accounting for 27.25 percent of the total foreign input and rankingthe 1st in Myanmar's foreign investment line-up since the country opened its door in late 1988.
Release date:2015-03-11 Browse number:2217