Tag: Border Trade

New conflict negotiation arm to be formed

The Myanmar government is planning a new organization to negotiate with ethnic armed groups. The new Peace Secretariat will hold dialogues with armed groups that are signatories to the 2015 Nationwide Ceasefire Agreement, U Zaw Htay, director general

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Ethnic militias meet with Chinese envoy amid conflict

Members of the Federal Political Negotiation Consultative Committee (FPNCC) met with a Chinese envoy on Tuesday, amid disruptions in cross-border trade. FPNCC represents a group of seven ethnic armed groups, involved in the ongoing military conflict

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Sugar licenses suspended due to lack of Chinese demand

Last month, the Ministry of Commerce suspended 103 licenses to re-export sugar, due a lack of demand from China, according to an article in the Myanmar Times. The article said that 49 companies will have their licenses suspended for three months, wit

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CBM permits border trades in yen and yuan denominations

The Central Bank of Myanmar (CBM) officially introduced Japanese yen and Chinese yuan as settlement options for banks in cross border payments and transfers.

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