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NEWS - Myanmar-China Trade up durin
- Subject: NEWS - Myanmar-China Trade up durin
- From: Rangoonp@xxxxxxx
- Date: Tue, 03 Aug 1999 11:14:00
Subject: NEWS - Myanmar-China Trade up during 1998-1999
Myanmar-China Trade up during 1998-1999
Xinhua
03-AUG-99
YANGON (Aug. 3) XINHUA - Myanmar-China bilateral trade
in the 1998-1999 fiscal year increased 25.14 percent from
the previous year, to reach 418 million U.S. dollars,
official
figures showed Tuesday.
Myanmar's imports of Chinese commodities were valued at
287 million dollars, while its exports to China were
worth 131
million dollars in the fiscal year ending on March 31,
according to figures released by the Myanmar statistics
authority.
The bilateral trade volume accounted for 10.46 percent of
Myanmar's total foreign trade in the said year, ranking
third
after those with Singapore and Thailand.
Myanmar imports from China mainly machinery and spare
parts and consumer goods, while exports timber and marine
products to China.
With six trading points already opened along its border
with
China, border trade plays an important role in the
bilateral
trade.