China fast-tracks border trade for crops
China has established an official “green lane” through the border crossing at Muse to fast track shipments of fruit, onions and fish. Up to 100 trucks per day may use the green lane, which is meant to increase trade volume amid the pandem
RCEP trade agreement inked
The Regional Comprehensive Economic Partnership (RCEP) was signed on November 15th, becoming the largest ever trade agreement. The 15-member deal includes ASEAN nations as well as China, Japan, Australia, and other countries across Asia and the Pacif
Japan loans USD 400 million for development
Japan and Myanmar have finalized a set of loans totaling around USD 409 million to develop Myanmar’s small and medium enterprises and to build a new bridge across the Sittaung River. Japanese ambassador to Myanmar, HE Ichiro Maruyama and deputy
Thai border trade continues to suffer
Although the border crossing at Mae Sot (Thailand) has re-opened, COVID-19 containment measures continue to hinder the flow of goods. Among these is a mandate that goods be unloaded and re-loaded into Thai trucks before moving on. This has proved to
ADB loans nearly USD 500 million for highway
Last week, the Asian Development Bank (ADB) approved a loan of USD 483.8 million for a new highway linking Bago with Kyaiktiyo, Mon State. The 64-kilometer highway will be a key component of the Greater Mekong Subregion (GMS) East-West Economic Corri
