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Vietnam Eases Border Trade Restrictions With China to Help Virus-Hit Businesses

HANOI/LANG SON—Vietnam has eased restrictions on cross-border trade with China to prop up economic activities hit by the new coronavirus, the Ministry of Industry and Trade said on Thursday. China is Vietnam’s largest trading partner and the Southeast Asian country’s manufacturing sector relies on it for materials and equipment. China is also Vietnam’s key market […]

Myanmar conduit for wildlife trade with China as questions swirl over its role in virus panic

China’s deadly illicit trade in wildlife has been thrown into stark relief as Beijing recently announced a temporary ban on the sale of wildlife in the wake of the outbreak of the coronavirus in Wuhan that is suspected to have originated in the city’s wet market. While the focus is on demand in China for […]

Myanmar to initiate measures to improve trade strategies

Myanmar will take measures to raise overseas demand for indigenous goods as cheaper imports from the region are expected to rise now that the country will participate further in the ASEAN Free Trade Area (AFTA). This should also keep the country’s trade deficit, which was down to $627 million in fiscal 2019-20 from $5.2 billion […]

Myanmar-Thai border trade set to continue growing this year

Border trade between Thailand and Myanmar is set to increase this year thanks to the second Thai-Myanmar Friendship Bridge and the implementation of Cross Border Transport Facilitation Agreement (CBTA). The second Thai- Myanmar Friendship bridge connecting Myawady in Myanmar and Mae Sot in Thailand opened in October of 2019. Meanwhile, the CBTA, which also came […]

Myanmar takes steps to improve trade strategies

Myanmar will take measures to ensure that overseas demand for locally made goods remains elevated even as cheaper imports from the region are expected to rise now that the country will participate further in the ASEAN Free Trade Area (AFTA). This should also keep the country’s trade deficit, which was down to US$627 million in […]

China-Myanmar trade slows to a trickle

The coronavirus outbreak in China has caused trade between Myanmar and its neighbor to slow to a trickle, trade officials say. The clearest example of this is the plunge in the volume of watermelons from Myanmar that are crossing the border to the east. “About 600 truckloads of Myanmar’s watermelons used to cross the border […]

Chinese President’s Upcoming Visit Seen as Bid to Gain Myanmar Leaders’ Commitment on BRI Projects

YANGON—Chinese President Xi Jinping is reportedly planning to visit Myanmar late next week, in a trip many believe is aimed at sending a signal regarding the country’s importance to China’s strategic ambitions in the Indian Ocean, while shoring up support for Xi’s ambitious Belt and Road Initiative (BRI) among leaders in Myanmar, which is slated […]

Rare earths trade between China, Myanmar facing challenges

Following a new closure of the China-Myanmar border in mid-December, Roskill reports that some Chinese rare earths producers and operators in Myanmar have been asked to head back to their country which, in the view of the market analyst, means that supply to the Asian giant may decline in 2020. According to Roskill, following the […]

Officials see potential for growth in trade, but risks remain

Of the 137 countries that trade with Myanmar, volumes from the 10 largest have spiked in the past decade and could continue growing as the local economy develops and expands, officials said. China is currently Myanmar’s largest trading partner, followed by Thailand, Singapore, India, Indonesia, Malaysia, Japan, Vietnam, Korea and the US. According to the […]

China Focus: Entrepreneurs seek opportunities at China-Myanmar border trade fair

KUNMING, Dec. 14 (Xinhua) — From traditional marionettes and wood carvings to handmade carpets depicting Bagan’s renowned pagodas and stupas, Myanmar exhibitor Thet Thet Naing was more than proud to showcase her country’s best handicrafts at a border trade fair in the southwestern Chinese city of Ruili. Thet Thet Naing, a trade promotion officer from […]