Alexa
  • Directory of Taiwan

Myanmar sets up trade office in Taiwan (update)

Myanmar sets up trade office in Taiwan (update)

Taipei, June 24 (CNA) Myanmar established a trade office in Taiwan earlier this week to promote bilateral trade relations, a move welcomed by Taiwan's Ministry of Foreign Affairs.
In a statement Wednesday, the ministry said the Myanmar Trade Office opened June 22 in Taipei and is headed by Thet Lwin Oo from Myanmar's Ministry of Commerce.
The ministry said it will work closely with the office to develop mutually beneficial relations.
The Myanmar Trade Office will be responsible for promoting bilateral trade, investment, business, transportation, tourism, and agriculture cooperation, the ministry said.
Myanmar, a country of 51 million people in Southeast Asia, does not have formal diplomatic relations with Taiwan.
As the Myanmar government has begun to ease restrictions on trade with Taiwan in recent years, bilateral trade has increased nearly 20 percent from US$281 million in 2013 to US$328 million in 2014, the ministry said.
The ministry said it expects bilateral ties to grow following the opening of the new office in Taipei.
The establishment of the Myanmar Trade Office came after a government-funded international aid agency set up an office in the Southeast Asian country to help with the implementation of cooperative projects between the two countries and help promote bilateral exchanges.
The Taipei-based International Cooperation and Development Fund (TaiwanICDF) opened an office in the Myanmar capital of Yangon in April 2014. (By Elaine Hou)


Updated : 2021-05-10 06:59 GMT+08:00