Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 10:47, November 28, 2005
Indonesia launches direct trade route with Myanmar
font size    

Indonesia has established the first direct sea trade route with Myanmar with its vessel MV Forkus operating between Jakarta and Yangon in a bid to broaden its network in the Southeast Asian region, business circle said on Monday.

The route, inaugurated recently, will enable Myanmar export goods to be shipped directly to Indonesia without requiring to transit through intervening ports.

Having a cargo handling capacity of over 8,000 tons, the vessel arrived in Yangon from Chennai Port in India and would proceed to Vietnam after picking up Myanmar goods, a vessel official said, adding that the new route would also facilitate export of Myanmar goods to Malaysia, Singapore, China and India.

There are 24 international shipping lines which stop at four ports of Yangon -- Thilawa, Bo Aung Kyaw, Asia World and Myanmar Industrial Port, of which the Thilawa stands the largest to accommodate the 176-meter-long MV Forkus.

Meanwhile, the two countries' business organizations are also seeking direct trade link between Bandung and Yangon, business circle said.

Indonesia is Myanmar's fourth largest trading partner among members of the Association of Southeast Asian Nations after Thailand, Singapore and Malaysia, having a bilateral trade with Myanmar standing at 104.78 million US dollars in the fiscal year of 2004-05 which ended in March, according to official statistics.

Indonesian investment in Myanmar so far went to over 241 million dollars since late 1988 when Myanmar opened to such investment, the figures also show.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- China and six ASEAN nations cut tariffs 

- Myanmar top leader to attend Asian-African summit


Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved