“For me, there are many steps before they reach the implementation phase, because it`s still MOUs. MoUs are non-binding. Therefore, there are no legal obligations; agreements can be changed at any time,” he said. Other agreements related to separate projects related to the corridor plan, which includes pipelines and pipelines, road and rail projects, from southern China to Kyaukphyu to various parts of Myanmar. The port of Kyaukphyu, which provides China with direct access to the Indian Ocean and allows its oil imports to bypass the Strait of Malacca, is an important part of the China-Myanmar Economic Corridor (CMEC), which is part of the BIS. It also serves Beijing`s goal of developing China`s inland province of Yunnan. Located in the northern state of Rakhine, Kyaukphyu is a strategic crossroads for China and already serves as a terminus for two cross-border oil and gas pipelines between the two countries. The day before Xi`s arrival, a Kyaukphyu IZ monitoring group called on the Myanmar government not to sign further agreements during Xi`s visit if it could not guarantee citizens` rights and allay public fears about long-term areas. The custodian also requested permission to participate in the Project`s Strategic Impact Assessment (Sia). A report by the Rakhine Advisory Commission of the late Kofi Annan recommended the ASA. Myanmar and China have signed a concession agreement and shareholder agreement for the Kyaukphyu Deepwater Port (SEZ) project, which will strengthen China`s presence in the Indian Ocean. The development of the SEZ is part of Beijing`s broader plan to expand its presence in South Asia, where, through its Belt and Road Initiative (BRI), it has invested heavily in Indian Ocean ports. China and Myanmar also agreed to provide an interest-free loan to help Myanmar procure 28 buses, cooperate between the Chinese Radio and Television Administration and Myanmar`s Ministry of Information, assist in the modernization of industrial training facilities in Mandalay, and provide land and embassy buildings.
The most important pact appeared to be a concession and shareholder pact for the Kyaukphyu Special Economic Zone on the Bay of Bengal. With a deep-water port, it is the end point of the 1,700-kilometre-long China-Myanmar Economic Corridor, an important link in Beijing`s Belt and Road Initiative, the other end of which is in China`s Yunnan province. YANGON – Myanmar and China signed a total of 33 Memorandums of Understanding, Agreements, Letters of Exchange and Protocols during Chinese President Xi Jinping`s visit to Myanmar – probably most of what Myanmar has signed with its powerful neighbor since 2000 – and is improving bilateral relations between the two countries.