Myanmar implements economic zone in border town with China


Myanmar is implementing a new central economic zone in Muse, aborder town in northern Shan state linking China’s Ruili of Yunnan province, to boostborder trade at the most important crossing between the two countries, according to theproject official saying on Tuesday.

The new Muse Central Economic Zone, being established on over 120 hectares of land at acost of 51.54 million U.S. dollars, comprises 18 estates including jade trading facilities,markets, shops, hotels, restaurants and housing complexes, said the official.

The plan of setting up of the Muse central economic zone was approved by localauthorities in early 2013 and it was targeted to be completed in 2007.

Myanmar’s border trade with China is being mainly done through Muse, Lweje,Chinshwehaw and Kan Pite Tee.

Muse stands as the highest border trade transaction between Myanmar and China,reaching over 3 billion U.S. dollars in the fiscal year 2013-14, accounting for over 60percent of Myanmar’s total border trade.

According to Myanmar official statistics, the total value of China-Myanmar bilateral tradeis 6.619 billion U.S. dollars in 2013, accounting for 28.4 percent of Myanmar’s total foreigntrade value which was 23.29 billion U.S. dollars during the year.

Figures also show that China’s investment in Myanmar has reached 14.251 billion U.S.dollars in 65 projects as of June 2014, accounting for 30.5 percent of the total and ranking the first in Myanmar’s foreign investment line-up.




Source : China Daily | August 19, 2014

Thomas D’Innocenzi


About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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