The Myanmar-China border trade fair is scheduled to be held in Lashio, the largest city in Myanmar’s northern Shan State, for the first time, according to the Ministry of Commerce Monday.
The four day border trade fair, jointly organised by Myanmar’s Commerce Ministry & China’s Lincang City government, will be held on November 21-24.
Companies from Lincang selling electrical appliances and consumer products will exhibit their products, while Myanmar’s finished forestry products, food, tea leaves and agricultural products will be showcased at the event, which will feature 132 stalls from the two countries.
According to the organisers, the trade fair is aimed at boosting trade relations between Lashio City of Myanmar & Lincang City of Southwest China’s Yunnan Province, strengthening the interaction between traders, creating more jobs for local residents and promoting tourism.
Myanmar became an official member of Chinese President Xi Jinping’s ambitious infrastructure plan across the region in September last year after signing a memorandum of understanding (MOU) establishing the China-Myanmar Economic Corridor (CMEC) which is set to be part of the BRI.
The last Myanmar-China border trade fair took place in Muse of Myanmar in December 2018.
According to the figures of the Myanmar Ministry of Commerce, border trade between Myanmar and China reached over 4.3 billion U.S. dollars in over eight months of the fiscal year 2018-19, which ended in September.
Myanmar mainly conducts border trade with China through Muse, Lweje, Chinshwehaw, Kanpikete and Kengtung border gates.
As of June 14 this year, Myanmar’s export through border checkpoints registered 3 billion U.S. dollars while its import recorded 1.3 billion U.S. dollars.