Myanmar-China fund transfer agreement signed for 12 projects worth about US$3.6mil

The leaders at the signing ceremony. - Eleven Media/ANN

YANGON: In commemoration of the 74th anniversary of the establishment of diplomatic relations between the Republic of Myanmar and the People's Republic of China, a signing ceremony was held at the M Gallery Hotel in Nay Pyi Taw on Friday (June 14).

It was for the signing of an agreement on the transfer of funds for the projects to be implemented with the Mekong-Lanchang Special Fund (2024) between Myanmar and China.

Deputy Prime Minister and Union Minister for Foreign Affairs U Than Swe as well as Chen Hai, Ambassador of the People's Republic of China to Myanmar were present.

Also attending the ceremony were Ministry of Religion and Culture Union Minister U Tin Oo Lwin, agriculture Ministry of Livestock and Irrigation Union Minister U Min Naung, Ministry of Cooperatives and Rural Development Union Minister U Hla Moe, Ministry of Natural Resources and Environmental Protection Union Minister U Khin Maung Ri, Ministry of Industry Union Minister Dr Charlie Than, Ministry of Science and Technology Union Minister Dr Myo Thein Kyaw, Ministry of Foreign Affairs Deputy Minister U Lwin Oo and high-ranking officials from relevant ministries.

At the event, U Than Swe, in his opening speech, spoke about the long-term friendship between Myanmar and China and the 1950s.

He paid tribute to the diplomatic relations between the two countries that were established on June 8, and based on the policy of peaceful coexistence, the bilateral relations were upgraded to comprehensive strategic cooperation in 2011, and further increased to a future community shared by Burma-China in 2020.

In addition, the Deputy Prime Minister emphasised the success of the Mekong-Lanchang cooperation with the Mekong-Lanchang special fund projects that started in 2017 with China's funding.

Thanking China for supporting the projects implemented in (7) areas of cooperation under the framework of Mekong-Lanchang cooperation framework, and Myanmar, together with China and the member countries of Mekong-Lanchang cooperation, for regional peace, U Than Swe reiterated his commitment to work together in the spirit of a Mekong-Lanchang future, sharing a river of prosperity and stability.

Chan Hai, the Ambassador of the People's Republic of China to Myanmar, delivered his opening remarks, saying that the two countries have kinship and friendship.

They recalled the mutual understanding and support and emphasised that the Mekong-Lanchang cooperation is an important corridor in jointly building a community of shared future.

In addition, China will increase bilateral and multilateral cooperation with member countries of the Mekong-Lanchang cooperation, including Myanmar, and will continue to provide assistance in the implementation of Mekong-Lanchang cooperation special fund projects for the benefit of the people of Myanmar.

Then, the agreement on the transfer of funds for the projects to be implemented with the Mekong-Lanchang Cooperation Special Fund (2024) was signed by the Ministry of Foreign Affairs, Deputy Minister U Lwin Oo and the Ambassador of the People's Republic of China Chen Hai exchanged signatures.

According to the agreement, China will hand over US$3.6 million to Myanmar for a total of (12) projects to be implemented by six (6) ministries of Myanmar through the Mekong-Lanchang Cooperation Special Fund (2024).

These projects (12) are agriculture and livestock. Protection and conservation of forest resources Encouraging environmentally friendly practices and innovations in small and medium businesses; village level poverty reduction; It will be implemented in areas such as information technology innovation and cultural sector promotion.

It is reported that Myanmar has received (118) multi-sector projects worth about US$35 million from 2017 to 2024 through the Mekong-Lanchang Cooperation Fund provided by China. - Eleven Media/ANN

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