The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Hong Kong Trade Development Council (HTDC) have met in Yangon to seek cooperation in boosting bilateral trade, the local weekly Voice reported Sunday.
Representatives of the HTDC paid a four-day visit to Myanmar from Sept. 7 to 10 to observe opportunities for investment in the country, meeting with members of the Myanmar Garment Manufactures' Association (MGMA), Construction Entrepreneurs Association and other business counterparts, it said.
Hong Kong stood the third in Myanmar's exporting partners after Thailand and India, while the fourth went to the Chinese mainland with over 500 million dollars.
Bilateral trade between Myanmar and the Hong Kong Special Administrative Region (SAR) hit 701 million U.S. dollars in the March- ended fiscal year of 2008-09, according to Myanmar's monthly economic indicators.
Of the total, Myanmar's export to the Hong Kong SAR amounted to668.68 million dollars, while its import from HKSAR took 32.9 million dollars, enjoying a trade surplus of 635.78 million dollars.
The HKSAR's investment in Myanmar was registered at 504.218 million dollars in 31 projects as of May this year, standing the 6th largest foreign investor in the country after Thailand, the United Kingdom, Singapore, the Chinese mainland and Malaysia.
Source:Xinhua
|
Comment
Tell A Friend
Print Format
Save Article