China, Myanmar sign new cooperation accord

08:36, February 17, 2011      

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China and Myanmar Wednesday signed a supplementary contract to a memorandum of understanding on Kyaukphyu economic and technical development zone and related port and railroad development projects.

The contract between the CITIC Group of China and Myanmar Ministry of National Planning and Economic Development was signed in Nay Pyi Taw, witnessed by Chinese Vice Minister of Commerce Zhong Shan and Deputy Minister of National Planning and Economic Development U Thurein Zaw.

On the same day, First Secretary of the State Peace and Development Council U Tin Aung Myint Oo met with the Chinese delegation, led by Zhong Shan, Chinese Vice Minister of Commerce and vice leader of the Chinese delegation for international trade negotiation.

At the meeting, the Myanmar first secretary expressed satisfaction over the current status of development of Myanmar- China bilateral trade and hope for future prospects.

According to Chinese official statistics, bilateral trade between China and Myanmar totaled 4.444 billion U.S. Dollars in 2010, an increase of 53.2 percent correspondingly.

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