A senior official from the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said that although the Chinese government has very low taxes on importing raw materials, it imposes very high levies on finished products.
"Especially natural resources such as jade, gems and other minerals are imported into China as raw materials. There are fewer chances for Myanmar exporters due to the high levies if they want to export finished products to China. So we would like to suggest Chinese government to relax the higher taxation for a better bilateral trade," said Aye Lwin, the secretary for UMFCCI at a local forum recently.
He also suggested that China should build factories jointly with local partners in Myanmar for exporting to the world instead of importing raw materials from the country.
Ren Shao from the Department of Foreign Trade and Economic Cooperation of Guandong Province, who attended the forum, said the suggestion would be sent to the Chinese government.
source: Eleven Myanmar
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