Myanmar-Singapore bilateral trade f

[darnott@xxxxxxxxxxx]

Myanmar-Singapore bilateral trade falls 

Xinhua, Yangon 20 October 1999.  The value of the bilateral trade between
Myanmar and Singapore fell by 7.4 percent to 419.96 million U.S. dollars in
the first half of this year from 453.72 million dollars in the same period
of last year. During the first half, Myanmar's imports from Singapore
amounted to 367.42 million dollars, dropping by 8.9 percent from 403.55
million dollars in the corresponding period of last year, the official economic
indicators said in its latest issue. Meanwhile, Myanmar's exports to
Singapore stood at 52.54 million
dollars, increasing by 4.7 percent over the same period of last year which
recorded 50.17 million
dollars. The indicators also show that in 1998, Myanmar-Singapore bilateral
trade was as high as
992.33 million dollars, with Myanmar's imports from Singapore amounting to
879.81 million dollars
while exports to Singapore standing at only 112.52 million dollars.
Singapore has become Myanmar's
largest trading partner with its bilateral trade with Myanmar accounting
for 25 percent of the country's
total foreign trade annually. Singapore is also Myanmar's leading investor
with 1.087 billion dollars
injected into the country in 46 projects in the past five years, which
accounted for 19.27 percent of the
5.6415 billion dollars of total foreign investment flowing into the country
in the period. 



Internet ProLink PC User