“Both sides attached importance and expressed readiness to finalize and sign the’Belt and Road’ cooperation plan in a timely manner. The two sides agreed to promote the implementation of the China-Myanmar Economic Corridor (CMEC) and steadily promote cooperation on major corridor projects such as the Kyaukpyu Deep-Sea Port and the Muse-Mandalay Railway. These projects will be guided by the principles of mutual respect, mutual benefit, commercial viability, financial sustainability, in full alignment with laws, regulations, and national conditions of both countries. Furthermore, both sides will leverage the China-Myanmar oil and gas pipelines, steadily advance power grid interconnection, and explore economically and environmentally sustainable energy partnerships. The Chinese side reiterated its willingness to provide ongoing development support for which the Myanmar side expressed gratitude.”
“The two sides also agreed to continue deepening practical cooperation in fields such as mining, the digital economy, and artificial intelligence, to maximize economic complementarities…”
“Both sides also noted the steady growth of bilateral trade and recognized the considerable potential for further expansion and diversification. They agreed to facilitate trade through the operationalization of the RMB yuan-Myanmar kyat direct settlement mechanism. Both sides also expressed support for closer trade and investment cooperation in the areas of mutual interest, such as agro-processing, petroleum, and energy.”