YANGON, Jan. 1 (Xinhua) — Leaders of Myanmar business circle have stressed the need for enhancement of agricultural cooperation between China and Myanmar to jointly cope with new challenges posed by the establishment of China-ASEAN Free Trade Area (FTA).
The views were revealed by U Win Myint, president of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), U Zaw Min Win, UMFCCI vice president, and Dr. Maung Aung, an expert on FTA, in an exclusive interview with Xinhua after the establishment on Friday.
U Win Myint said the trade opportunities between China and Myanmar would sharply increase and would also pose at the same time greater challenges as a result.
Myanmar has the superiority of agricultural resources while China possesses agricultural expertise, which paves way for intensifying cooperation in the agricultural sector, he noted.
Dr. Maung Aung pointed out that Myanmar is rich in land resources with much cultivable land and potential in agricultural development which can generate more agricultural produces for export.
Noting that the trade development between Myanmar and China has become rapid in recent years, he pointed out that border trade dominated Myanmar-China bilateral trade.
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