Since the establishment of diplomatic relations between China and Myanmar, the economic and trade relations between the two countries have continued to develop. The two countries signed the first trade agreement. 197 1 The newly signed trade agreement between the two countries stipulates mutual most-favored-nation treatment. Since 1970s, Myanmar has sent a trade delegation to participate in the Canton Fair every year, and China has participated in the Myanmar Jewelry Fair every year. 1988 1995 after the border trade between the two countries was officially launched, the trade volume increased greatly, from the original 40 million US dollars per year to1995.76 billion US dollars. In the past two years, affected by the Asian financial turmoil, the trade volume between the two countries has declined, and the bilateral trade volume has dropped to $640 million, $580 million and $508 million at 197, 198 and 199 respectively. The main commodities exported by China to Myanmar are textile products, chemical raw materials, instruments, machinery and equipment, medicines, etc. The main commodities imported from Myanmar are timber, native products, jade and livestock products. China-Myanmar economic and technological cooperation began at 196 1, and the two governments signed a number of economic cooperation agreements. To help Myanmar develop its national economy, China has built 22 complete sets of projects, including Yangon-Dingyin Bridge, sugar factory, textile factory, plywood factory, rice mill, thermal power plant, gymnasium and cultural theater. In recent years, with the economic development of the two countries, the economic and technological cooperation between the two countries has expanded from a single official aid to investment, labor and engineering contracting. By the end of 1998, China Company had signed 286 labor and engineering contracts in Myanmar, with a total contract value of 92 1 10,000 US dollars, and 22 1 new contracts were signed in 1998, with a total contract value of 482 million US dollars. China's investment in Myanmar has reached $365,438+$920,000.