Govt Approves Sites For 3 New Economic Zones Along China Border

YANGON — The government approved sites for three “economic cooperation zones” in Kachin and Shan states along Myanmar’s border with China on Thursday as part of Beijing’s ambitious Belt and Road Initiative, according to the chief minister of Kachin State.

U Khet Aung said the sites were approved at the first implementation meeting of the Economic Cooperation Zones Central Committee in Naypyitaw, and followed a recent trip to China by Commerce Minister U Than Myint.

He said the zones will be built in Kanpiketi town, in Kachin State’s Special Region 1, under the control of the New Democratic Army-Kachin militia; Chinshwehaw, in Shan State’s Laukkai Township, part of the Kokang Self-Administered Zone; and in Shan State’s Muse Township.

Chinshwehaw and Muse are already major trading hubs along Myanmar’s border with China’s Yunnan Province. Kanpiketi currently does regular trade with China as well.

“The [commerce] minister pushed us to start the projects soon. The zones will be established on both sides of the border. We already started clearing the site in Kanpiketi,” U Khet Aung told The Irrawaddy on Friday.

Source: Irrawady

To see the original article click link here

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.