China-Myanmar Economic Corridor office opens in Myanmar capital

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NAY PYI TAW: An office of China-Myanmar Economic Corridor of the China Enterprises Chamber of Commerce in Myanmar (CECCM) was inaugurated in the Myanmar capital on Friday.

Speaking at the opening ceremony of the office in Zabuthiri town, Myanmar Deputy Minister of Commerce U Aung Htoo expressed his belief that the office could help offer better job opportunities for the trade link between the two countries.

The 1,060-km pipeline that carries crude oil and natural gas from the Middle East to China and links Myanmar’s coastal town Kyaukphyu with southwest China’s Kunming city, is part of the China-Myanmar Economic Corridor.

Chinese Ambassador Hong Liang said the branch office in Nay Pyi Taw promotes communication and cooperation between the CECCM and relevant Myanmar government departments. It also helps the Chinese embassy better implement its work and benefits companies participating in the Belt and Road Initiative.

Secretary-General of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) U Aung Kyi Soe said the China-Myanmar Economic Corridor Office will help entrepreneurs of the two countries run their business transparently and smoothly and also help create job opportunities for the people.

To promote trade and investment through the economic corridor, a Myanmar-China Business Association (MCBA) has been formed under the UMFCCI, he added.

CECCM Chairman Liu Ying said the office will explore economic cooperation by combining Myanmar’s business status and Chinese companies’ advantages.

Located on both the Silk Road Economic Belt and the 21st Century Maritime Silk Road, Myanmar is a key partner of China under the Belt and Road Initiative, which envisions trade and infrastructure networks connecting Asia with Europe and Africa along the ancient trade routes over the land and sea.

(With inputs from Xinhua)