Myanmar's bilateral trade with U.S. (r)

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Subject: Myanmar's bilateral trade with U.S. drops 

Myanmar's bilateral trade with U.S. drops 

Yangon, Sept 14, Xinhua:   Bilateral trade between Myanmar and the United
States amounted to 73.37 million U.S. dollars in fiscal 1998-99 which ended
on March 31, dropping by 20 percent compared with the previous fiscal
year's 92.29 million dollars. The official economic indicators said in its
latest issue that in 1998-99, Myanmar's import from the United States was
valued at 35.96 million dollars, 35.5 percent less than the 55.8 million
dollars in the previous fiscal year. Myanmar's export to the United States
in the fiscal year stood at 37.41 million dollars, increasing by 2.52
percent from the previous fiscal year's 36.49 million dollars, it added.

Meanwhile, during the five-year period from April 1994 to April 1999,
Myanmar absorbed investments amounting to 359.82 million dollars from the
United States in four projects, accounting for 6.37 percent of the total
foreign investment of 5.641 billion dollars in the country. 

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