A labourer works at a warehouse in Yangon, Myanmar (Source: www.news.cn)Hanoi (VNA) – Myanmar hasplans to export 500 million USD worth of rice to China through barter tradingsystem later this year, according to Xinhua news agency.
The Chinese news agency quoted UAung Htoo, Myanmar’s deputy minister for commerce, as saying on June 10 thataccording to the report from China's Kunming, China will purchase rice worth500 million U.S. dollars and Myanmar will buy machineries and equipment withthe same value from China.
The deputy minister said therice export will be conducted by exporting 100,000 tonnes of rice to Chinathrough sea route by October this year under the bilateral government-to-governmentagreement as well as under the Sister City programme between Kunming and Yangon.
According to Xinhua, about 60percent of Myanmar’s rice export goes to China while demand for the country'srice also comes from other Asian countries, European Union member states andsome African countries.-VNA
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