China, Myanmar to Start Economic Cooperation in Post Covid-19 Era

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Sule Pagoda, Yangon, Myanmar. ( Photo: Unsplash).

The province of Yunnan, China, and Myanmar will promote economic and trade cooperation between the two countries.

China’s Yunnan provincial department of commerce and Myanmar’s Federation of Chambers of Commerce and Industry (UMFCCI) met last week to discuss economic and trade cooperation opportunities between the two nations.

Xinhua reports that U Aye Win, President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said at the meeting that the trade and economic cooperation efforts will assist Myanmar’s economic and private business sector developments.

The UMFCCI President stated that China is an important market for Myanmar, and was one of its biggest trading partners before the pandemic. He hoped that his recent meeting with his Chinese counterparts will lead to more cooperation between the countries.

Tan Shufu, Economic and Commercial Counselor of the Chinese Embassy in Myanmar, also expressed his support for trade between China’s Yunnan Province and Myanmar.

During the meeting, Li Chenyang, Director-General of China’s Yunnan Provincial Department of Commerce, said that he arranged the business delegation visit to boost trade promotion efforts.

It was also recently reported that Laos, Cambodia, Vietnam, and Myanmar will see economic growth this year, but it will be less than its growth potential before the COVID-19 pandemic.