Muse Economic Zone will be started an implementation after signing the framework agreement with China8 Nov 2019
Muse economic zone, one of three Myanmar-China economic cooperation zones, will start an implementation after signing the framework agreement by China, said Deputy Minister Aung Htoo of the Ministry of Commerce.
“China side is ready to do. Out of three zones, we will start Muse economic zone. The framework agreement has been sent to China for signing. If they agree it, we will start between Kyegaung and Hosaung in Muse. All of us are ready to do. Kyegaung has been already fenced but Hosaung has not been fenced. It will take three months. If the framework agreement is signed, we will start implementation,” said Deputy Minister Aung Htoo.
In the establishment of Myanmar-China border economic cooperation, it is required to respect the line of demarcation of Myanmar and China. For not losing any territory is of great importance, said Union Minister Dr. Than Myint of the Ministry of Commerce.
The demarcation between Myanmar and China, the establishment of Myanmar-China economic cooperation zone, policies, guidance, the framework agreement and the formation of Joint Working Group will be clarified and discussed.
Now, the government is striving for internal peace. Economic cooperation, peaceful co-existence, international mutual relations, policies, existing laws should be considered and respected, said Union Minister Dr. Than Myint.
Bilateral negotiation, demarcation between both countries, land utilization, and invitation of EOI are important factors in the implementation of BECZ on Myanmar side, said Union Minister Dr. Than Myint Aung. Translated and Edited by Win Htut