China, Myanmar Trade Keeps Growing

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Last updated at: (Beijing Time) Wednesday, December 12, 2001

China, Myanmar Trade Keeps Growing

The bilateral trade between China and Myanmar has kept growing this year, and China has becomethe third largest trade partner of Myanmar, after Singapore and Thailand, according to the statistics of Myanmar.

During the first ten months of this year, the bilateral trade volume amounted 499 million U.S. dollars, registering 3.1 percent year-on-year growth, said sources with the Ministry of Foreign Trade and Economic Cooperation (MOFTEC).

China's export to Myanmar from January to October this year reached 385 million U.S. dollars, surging 1.9 percent; and the import reached 113 million U.S. dollars, up 6.7 percent.

The major products China exported to Myanmar include electricaland mechanical goods, textile and hi-tech products. With the progressing of the friendly relations between China and Myanmar, China has signed an increasing number of contracts for projects in Myanmar.

By the end of 2000, there were 752 contract agreements between Chinese and Myanmar companies, with a value of 1.786 billion U.S. dollars.

In the first ten months of 2001, Chinese companies signed 87 project deals, totaling 186 million U.S. dollars.

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