.The potential for Myanmar to become a trade hub is good because of its location between two rapidly developing countries with large populations U Phyo Min Thein said during a dinner to mark the foundation of the Myanmar-India-China Friendship and Development Association and signing ceremony of a memorandum of understanding among Chinese traders, the India-Myanmar Chamber of Commerce and 10 local business associations on September 27 “For various reasons, Myanmar is less developed, but there is a possibility that the country can achieve progress along with peace, if it cooperates with more developed neighbouring countries,” said U Phyo Min Thein. Myanmar needs to promote the scope of cooperation in various sectors with neighbouring countries so that it can work towards peace, development and democratic nation, he added. “The close friendship with China will further develope into a strategic cooperation, and there are also favorable conditions to build enduring relations with India to create a border trade zone between the two countries,” he said. “As the first step toward this, the Myanmar-India-China Friendship and Development Association will promote economic cooperation between China and India in construction and steel manufacturing,” said U Zaw Zaw Naing, vice chair of the association.