President U Thein Sein, Chinese Premier Li hold talks at Presidential Palace

President U Thein Sein and Chinese Premier Mr. Li Keqiang inspect the Guard of Honour.
President U Thein Sein and Chinese Premier Mr. Li Keqiang inspect the Guard of Honour.

President U Thein Sein on Friday held talks with Chinese Premier of the State Council Mr Li Keqiang at Credentials Hall of the Presidential Palace in Nay Pyi Taw.
The talks focused on various areas including development of the infrastructure sector, the Kyaukpyu special economic zone, the prospects of China’s proposal for a 21st century Maritime Silk Road, rural development and poverty alleviation, and sending Myanmar scholarship students to China.
President U Thein Sein confirmed that Myanmar welcomes the 21st century Maritime Silk Road, establishment of the Bangladesh-China-India-Myanmar economic corridor and the Asian Infrastructure Investment Bank, and also pledged to cooperate in these sectors.
The Chinese premier pledged to set up a US$20 billion special loan for development of infrastructure in ASEAN countries at the 9th East Asia Summit and the 17th ASEAN-China Summit held in Nay Pyi Taw this week.
President U Thein Sein and Chinese Premier Li also witnessed the signing of several MoUs and agreements.
President U Thein Sein and Chinese Premier Li Keqiang witnessed the signing of the MoUs and agreements.
The MoUs and agreements signed between the two countries included the MoU on Bilateral Economic and Technological Cooperation under the Framework of BCIM Economic Corridor between the National Development and Reform Commission of the People’s Republic of China and (relevant Ministry or Department) of the Republic of the Union of Myanmar, the MoU between the National Development and Reform Commission of the People’s Republic of China and the Ministry of Environmental Conservation and Forestry of the Republic of the Union of Myanmar Concerning the Provision of Goods for Addressing the Climate Change, the Agreement on China-Myanmar Electric Power Cooperation Commission between the People’s Republic of China and the Republic of the Union of Myanmar, the MoU between the Ministry of Agriculture of the People’s Republic of China and the Ministry of Livestock, Fisheries and Rural Development of the Republic of the Union of Myanmar on Strengthening Cooperation in Livestock and Fisheries Sector, the Agreement on Economic and Technical Cooperation between MOFCOM and the Ministry of National Planning and Economic Development, the Exchange Letter of the China-Aid Police Supplies between MOFCOM and Ministry of National Planning and Economic Development, the MoU between the Ministry of Commerce of the People’s Republic of China and the Ministry of Commerce of the Republic of the Union of Myanmar concerning Agricultural Trade Cooperation, the Preferential Buyer Credit Loan Agreement on the Design, Supply, Installation and Commissioning of Hydraulic Steel Structure and Electromechanical Works Project for Upper Yeywa Hydropower Station between Central Bank of Myanmar as borrower and the Export-Import Bank of China as Lender, the MoU on Projects Cooperation of the First Tranche Facility Agreement under the RMB 30 Billion Credit Facility between the Export-Import Bank of China and the Ministry of National Planning and Economic Development, the MoU on Economic Cooperation between the Ministry of National Planning and Economic Development of the Republic of the Union of Myanmar and the EXIM Bank of China, US Dollar 300 million microfinance facility Agreement for Poverty Reduction and Rural Development of Myanmar (Tranche II) Between the Export-Import Bank of China and Myanmar Foreign Trade Bank, the MoU on Myanmar-China Expanding in Oil and Gas Sector between Energy Planning Department of the Ministry of Energy of the Republic of the Union of Myanmar and China National Petroleum Corporation, the AAEI Myanmar Landing Cooporation Agreement between Ministry of Communications and Information Technology of the Republic of the Union of Myanmar and China Unicom Co Ltd, the MoU on Cooperation between Ministry of Livestock, Fisheries and Rural Development of the Republic of the Union of Myanmar and CITIC Group Corporation  for Implementation of Village Fund Program, the Memorandum of Agreement between Department of Electric Power and UREC Energy International Ltd for the Build, Operation and Transfer of 500 MW Combined Cycle Power Plant in Yangon (Thaketa), Myanmar and the MoU for ICT Talent Development Program between Ministry of Science and Technology of the Republic of the Union of Myanmar and Huawei Technologies Co Ltd.
China will spend about US$ 8 billion on these MoUs and agreements. The loans will be approved by the Hluttaw.
After the signing ceremony, President U Thein Sein hosted a luncheon in honour of the Chinese premier and the delegation.
China will spend about US$8 billion on these MoUs and agreements.

 

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