France-Myanmar trade reaches over $200m

Published: March 31, 2018 14:51:46 | Updated: April 04, 2018 14:19:20

Bilateral trade between France and Myanmar hit 234 million US dollars as of January in present fiscal year 2017-2018, the official Global New Light of Myanmar has reported.

During the period, the country's export amounted to 64.086 million US dollars while its imports shared 170 million US dollars.

In last FY 2016-2017, the country's trade with France totaled 176 million US dollars, reports Xinhua.

Myanmar mostly exports vegetables, clothing accessories, textile products, charcoal, pearl and wood while machinery, mechanical appliances, plastic products, glassware, paper and paperboard from France are mainly imported to the country.

A total of 14 projects with 7.34 million US dollars' worth of investment from France entered into the country so far, according to the Directorate of Investment and Company Administration (DICA).

Meanwhile, the country's total trade value reached 31.664 billion US dollars as of March 16 in FY 2017-18, according to the figures from the Commerce Ministry.

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