MYANMAR INTERNATIONAL TEXTILE & MACHINERY EXPO

China-Myanmar Economic Corridor

In Sep. 9，China-Myanmar Economic Corridor Memorandum was signed between China Development and Reform Commission and Myanmar Ministry of Planning and Finance.

In Apr. 2019, China-Myanmar Economic Corridor Cooperation Plan was singed in the second Belt and Road Summit.

Besides, China and Myanmar will have deeper cooperation and create a pattern of a triangular balance of power.

Members of various world trade organization agreements

Myanmar has joined various world trade organizations and enjoys many trade concessions and policy protections.

Ø WTO (Joined in Jan. 1, 1995)

Ø ASEAN (Joined in Jul. 23, 1997)

Ø ASEAN Free Trade Area (AFTA)

Ø Common Effective Preferential Tariff Scheme (CEPT)

Ø China-ASEAN Free Trade Agreement

Ø Japan-ASEAN Free Trade Agreement

Ø Korea-ASEAN Free Trade Agreement

Ø Hong Kong-ASEAN Free Trade Agreement

Ø India-ASEAN Free Trade Agreement

Ø EU GSP（GSP）

Ø United States GSP（5000products, including woman’s garments, shoes and luggage）

Myanmar vigorously develops its economy

In recent years, Myanmar has vigorously developed its economy and put forward a number of preferential policies to facilitate the introduction of foreign capital, providing plenty of facilities for foreign investment and trade in Myanmar.

With the dual core of Yangon and Mandalay, the country's multi-center development, Myanmar's overall investment economy is in a period      of vigorous development.

Excellent location and large market  

Myanmar’s geographical advantage is obvious in Southeast Asia. A vast plain and delta, which is alluvial by the Irrawaddy and the Salween rivers from China, and the crossroads of China, India and Southeast Asia, has strategic significance for three billion consumers.

Under the influence of the Belt and Road policy, Myanmar's textile and clothing manufacturing industry currently contributes about 10 % of the country's total exports, and the country's market is also growing, with a total export target of US$ 12 billion by 2020. It has become the most promising new textile hot spot in Southeast Asia along the Belt and Road.