Myanmar seeks to establish Myanmar-India-China economic corridor
As part of efforts to make Myanmar the doorway to ASEAN door, the government will try to establish a Myanmar-India-China economic corridor, says Yangon Region Chief Minister U Phyo Min Thein.
The potential for Myanmar to become a trade hub is good because of its location between two rapidly developing countries with large populations U Phyo Min Thein said during a dinner to mark the foundation of the Myanmar-India-China Friendship and Development Association and signing ceremony of a memorandum of understanding among Chinese traders, the India-Myanmar Chamber of Commerce and 10 local business associations on September 27.
“For various reasons, Myanmar is less developed, but there is a possibility that the country can achieve progress along with peace, if it cooperates with more developed neighbouring countries,” said U Phyo Min Thein.
Myanmar needs to promote the scope of cooperation in various sectors with neighbouring countries so that it can work towards peace, development and democratic nation, he added.
Chan Mya Htwe
