China industry expo-Myanmar kicks off in Yangon

The 2013 China industry expo- Myanmar, along with activities marking Chinese brand products and enterprises promotion day, kicked off on Wednesday at the Tatmadaw Convention Hall in Yangon.

The 2013 China Industry Expo-Myanmar and Chinese Brand Products and Enterprises Promotion Day, organized by Trade Development Bureau of China's Ministry of Commerce, Department of Commerce of Yunnan Province and China International Economic and Trade Consultants, is participated by exhibitors from nearly 50 Chinese enterprises.

Their exhibits cover products from a wide range of fields including machinery equipment, agricultural implements, motor vehicles and spare parts, electrical appliances, medicines and machinery, construction materials, hardware, home appliances, furniture and consumers products.

During the expo, the Trade Development Bureau of China's Ministry of Commerce will sign several memorandums of understanding with the Union of Myanmar Chambers of Commerce and Industry (UMFCCI) on bilateral cooperation, through which brand products and enterprises of the two countries will get mutual recommendation and promotion.

Activities on promoting Chinese products and enterprises day will also be introduced in the three-day event with the support and help of Economic and Commercial Counselor's Office of the Chinese Embassy in Myanmar, Myanmar Ministry of Commerce and the UMFCCI.

The event was attended by Jiang Yingang, economic and commercial counselor of the Embassy of China, Han Shengjian, director general of Trade Development Bureau of Ministry of Commerce of China, U Myint Swe, Yangon region chief minister and U Toe Aung Myint, director general of the Department of Trade Promotion of Myanmar.

It is anticipated that the expo, with the participation of outstanding Chinese enterprises with superior quality brand products and professional buyers from Myanmar's neighboring countries for business matching and purchase, will enable Myanmar enterprises to gain more first-hand information about Chinese counterparts and their products.

It would also enable Chinese enterprises to know more about the market demand and potential of Myanmar and its surrounding countries, which would further promote Myanmar-China bilateral economic and trade cooperation for achieving a "win-win" status, the organizer said.

Bilateral trade between Myanmar and China amounted to 5.6 billion U.S. dollars during first eight months of 2013, up 25.4 percent compared with that of the same period of 2012, according to Chinese statistics. China is now Myanmar's largest trading partner.

Meanwhile, Myanmar enterprises have great potentials to open their market in China and expand the export of Myanmar products to China.

According to latest Myanmar official statistics, China's investment in Myanmar amounted to 14 billion U.S. dollars since Myanmar opened up to such investment in late 1988.