Lancang city mayor Mr Du Jianhui said during the meeting held at the Union of Myanmar Federation of Chambers of Commerce and Industry on 23 March that the construction of the railway networks linking Lancang city with Chinshwehaw city is expected to start next year.
That meeting highlighted the promotion of trade, commerce and investment between China (Lancang) and Myanmar. He has requested the ministry concerned in Yunnan provincial government regarding the railway construction to facilitate trade with Myanmar. Hopefully, that project will commence next year, he added.
There is a high trade volume between Myanmar and Lancang district. Additionally, upgrading infrastructure and buildings at the border points is underway. An international trade zone project is also expected to be implemented. The Free Trade Zone in the Chinshwehaw border has just started upon the completion of basic infrastructure. He invited the officials to visit there.
Lancang city is situated in the south-west part of Yunnan Province, covering 0.24 million kilometre areas. The GDP of the city was estimated at 1,000 million Yuan last year. It was ranked eighth in development of the Yunnan.
China is the most important trade partner with Myanmar. Myanmar conducts trade with China through the sea route and border channels.
The border trade drastically fell amid the negative consequences of the COVID-19 pandemic. Now, it is time to step up the border trade. President U Aye Win of the UMFCCI elaborated on ensuring smooth trade flow and easy banking transactions for direct Yuan-Kyat payment.
Matters concerning the free trade zone’s ongoing condition, 4th Lancang-Myanmar Expo, transit trade, direct use of Yuan-Kyat payment, issuing border passes and further procedures are discussed at the meeting.—TWA/EM
Lancang city mayor hopes for Lancang-Chinshwehaw railway construction next year
The picture shows a meeting of China (Lancang)-Myanmar bilateral promotion on trade, commerce and investments at the UMFCCI.