Thursday, December 20, 2012

$185 million in trade deals signed at Sino-Burmese border fair

Thursday, 20 December 2012 18:25 Khin Myo Thwe

More than US $185 million in MoUs for imports and exports was agreed at the Muse-Namkham Chamber of Commerce office on December 10 at a trade fair held in Muse, a town on the Burmese side of the border with China.

The border crossing between Ruili in China and Muse in Burma. (PHOTO: meckleychina / Flickr)

“Nine Burmese companies and eight Chinese companies signed import MoUs for $41.522 million and export MoUs for $144.101 million at the 12th Sino-Burmese border trade fair which was held from December 9 to 11,” a senior official from the Department of Border Trade said.

Common imports to Burma from China include raw materials for dry cell manufacturing and soap, machinery, tools, mobile handsets, textiles, pharmaceuticals and mining equipment.

Tun Lin from Muse-Namkham Chamber of Commerce said, “Exports from Burma included live eels, live crabs, salted fish, rays, dried fish, carp, prawns, squid, shellfish, cuttlefish, jellyfish, rice, mung beans, cardamom, sesame, rubber, corn, edible oil, cashew nuts and lead.”

The following companies signed MoUs: Highwind Family Co., Yin Yi Co. Ltd., Myawaddy Trading Co., Myanmar Nanyan Co., China Yui Li Co. Ltd., Europe Asia Commercial Co., Ruili City Industry Co. Ltd., Hein Nadi Aung Co., Juang Sa Co. Ltd., Shweli Thetyi Import Export Co., Ru Jiang Co., Mansi Import Export Co., Jili Import Co., Win Myo Bo Co. and San Lian Co.
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