Trade volume between Myanmar and China is reached to US$1.337 billion within two months of this fiscal year and Myanmar had a trade surplus as it imported US$551 million worth of products from China, according to Ministry of Commerce.

Myanmar exported over US$785 million worth of products to China in that period.

Both countries are opened business centers and implemented to boost border trade and investments, according to the ministry.

The ministry will sign MoUs with the China to establish border economic cooperation zones and will invite tender for Expression of Interest (EOI) for local businessmen to participate to work in the zones, said Dr Than Myint, Union Minister for Commerce.

“We will call for EOI to develop border economic cooperation zones in Muse, Nantkhan, Kanpiketie, Laukkai and Chinshwehaw,” said the minister.

Myanmar sent a proposal to China to sign the MoU to implement border economic cooperation zones and if the China replies about it, both countries will sign the MoU.

“China formed a free trade zone in Shweli and we will do the same,” he said.