Myanmar Set to Ink Pact with China on Border Cooperation Zones

Description: 

"The Myanmar Government is ready to sign a framework agreement with China on the establishment of cross-border economic cooperation zones, paving the way for the implementation of Beijing’s grand infrastructure plans in the country as part of its Belt & Road Initiative (BRI). The assistant permanent secretary and spokesperson for the Ministry of Commerce, U Khin Maung Lwin, told The Irrawaddy, “The related Government Ministries have already reviewed a framework agreement proposal submitted by China.” “We received comments from the related Ministries. We also reviewed the proposal with experts. We will send the proposal back to China. Our side is preparing to sign [a framework agreement] very soon,” he said. According to U Khin Maung Lwin, the framework will cover a number of major agreements, particularly on the formation of a bilateral joint committee for the implementation of the cross-border economic cooperation zones; the assignment of management roles for the zones; and types of incentives for investors..."

Source/publisher: 

"Belt & Road News"

Date of Publication: 

2019-08-16

Date of entry: 

2019-08-30

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good