Thein Sein opens China-Asean trade exhibition
- Written by Mizzima News
- Category: Investment
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Burma’s President Thein Sein will return from a goodwill visit to China on Friday, after attending the 9th China-Asean Expo in Nanning, the capital of China's Guangxi Zhuang Autonomous Region. He will speak to the UN General-Assembly in New York City on Thursday.
Burma is featuring its jade products at the event along with products from the sectors of agriculture, fishery, industry, manufacturing, traditional handicrafts, forestry and hotel and tourism.
The visit was Thein Sein's second to the northeastern China region since he took office in March 2011.
The trip followed a visit to Burma by China’s top legislator, Wu Bangguo.
The trade exhibition, cosponsored by the Chinese government and the 10 Asean member states, has been held annually since 2004.
According to Chinese official statistics, China-Burma bilateral trade totaled US$ 6.5 billion in 2011, up 46.3 percent from the year before. China's investment in Burma reached $20.26 billion by the end of last year, leading in Burma’s foreign trade and investment.
In the first six months of 2012, bilateral trade amounted to $2. 6 billion, while China' s investment in Burmaalso increased during the period.
In 2011, bilateral trade between Guangxi and Myanmar reached $56.19 million, up 197 percent up from 2010.