Wednesday, March 14, 2007

Paper 2 Preparation (1) Economic Agreement

Since 2001, Myanmar and China bilateraly started having several economic agreements in areas such as fishery, investment protection, agriculture, natural & human resources, and infrastructure. Until then, they never had bilateral economic agreements, even though they have been good neighbors for each other.

The scale of their trade mounted US $0.862 billion in 2002, and it increased by 36 % compared to 2001. China is the third largest trade partner for Myanmar next to Singapore and Thialand. On one hand, China exports textile, electronics and hi-tech products. On the other hand, Myanmar exports primary goods such as timber, gems and saw lumber (Because China domestically has restrictions on forestry ).

Resource: http://www.fmprc.gov.cn/eng/wjb/zzjg/yzs/gjlb/2747/default.htm

As I mentioned in the last articles, their relationship is relevant in Asean frame work too.

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