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A border economic zone will be soon built in Myanmar-China border
An economic zone will soon be built in Kanpaiktee at the Myanmar – China border, according to Ministry of Commerce.
At the zone there will be truck parking, warehouses, and modern equipment to check installed.
The President Office has ordered the central and working committee concerning building of Myanmar-China border economic cooperation zone to perform coordinated tasks and they have been carried out, claimed Deputy Minister for Commerce Aung Htoo.
He continued saying that there will be basic infrastructure such as staff housing, weighing machines, and X-ray machines will all be a part of the economic zone.
As China is Myanmar’s largest border trade partner, the economic zone, when complete, will help substantially in promoting local goods and services as well as create job opportunities for Myanmar citizens. It will offer a wider scope for bilateral trade cooperation including schemes to invest in factories and mills as well as develop a more robust tourism sector. Over a longer term, the economic zone is also expected to help raise exports across the border, helping to reduce the country’s trade deficit.
Myanmar-China joint economic zones will be constructed in Muse, Chin Shwe Haw and Kanpaiktee according to Union Minister for Commerce Dr. Than Myint.
Muse-Kyegaung will be set up as core zone, while Kyu Gote(Paingsang)-Wanding-Nwanyin (Kyeinseinkyaw)-Mantman (Shweli) will be for exporting products, manufacturing, processing and warehousing areas and the Saelan (Manthero)-Sailin and Namtkham-Naungtung as import processing and warehouse areas.
Source: https://elevenmyanmar.com/news/a-border-economic-zone-will-be-soon-built-in-myanmar-china-border