Myanmar-Japan bilateral trade drops

[darnott@xxxxxxxxxxx]

Myanmar-Japan bilateral trade drops slightly 

Xinhua, Yangon 20 October 1999.  The bilateral trade between Myanmar and
Japan was 149.9 million U.S. dollars in the first half of this year, down
0.3 percent from the same period of last year which registered 150.49
million dollars. The official economic indicators said in its latest issue
that Myanmar's import from Japan was valued at 122  million dollars, 10.29
percent less than the 136 million dollars in the corresponding period of
last year.
Meanwhile, Myanmar's export to Japan in the period stood at 27.9 million
dollars, increasing by 92.54
percent over the same period of last year which recorded 14.49 million
dollars. In recent years,
Myanmar has strengthened its economic cooperation with Japan. In the past
five years, Myanmar
absorbed investment amounting to 123 million dollars from Japan in 16
projects, which accounted for
2.18 percent of the total foreign investment of 5.6415 billion dollars
flowing into Myanmar during the
period. Japan ranks the 10th among the countries and regions investing in
Myanmar. The five leading
investors are Britain, Singapore, Thailand, Malaysia and France, with a
total investment of 4.3248 billion
dollars or 76.66 percent of Myanmar's total foreign investment. 



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