12th Myanmar-China Border Economic and Trade Fair opened (2)

Gao Shuxun, vice governor of China's Yunnan Province, which shares border with Myanmar, said Myanmar is the largest foreign trade partner of his province. In 2011, total import and export between Yunnan and Myanmar reached 2.071 billion U.S. dollars, increasing by 17.8 percent from the previous year and accounting for more than 30 percent of the total China-Myanmar trade.

From January to October 2012, two-way trade stood at 1.722 billion U.S. dollars, up 2.2 percent year on year, and the trade volume this year is expected to exceed last year.

The China-Myanmar Border Trade Fair is an annual event held on a rotating basis in Muse of Myanmar and Ruili of Yunnan since 2001 and has become an important link between China and Myanmar in trade and economic exchanges and a cooperation platform for economic development.

According to Chinese official statistics, trade between China and Myanmar totaled 6.5 billion U.S. dollars in 2011, up 46.3 percent year on year. In the first nine months this year, the bilateral trade amounted to 5 billion U.S. dollars, up 4.5 percent from a year earlier.

According to Myanmar statistics, China is the top investor of Myanmar with a total investment of 14.14 billion U.S. dollars up to August 2012.

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