Sharp Rise In Brunei-China Trade
By Maya Salleh

Bandar Seri Begawan - Trade between China and Brunei has marked an impressive increase to US$343 million between January and November 2003, the Economic and Commercial Office of the China Embassy said in a statement yesterday.

The increase constituted a 41.5 per cent rise in trade compared to January to November figure in 2002.

The value of products exported from Brunei to China reached $312 million while its import totaled $31 million.

Trade relations between China and Brunei was further enhanced last year with the participation of Dato Dr Awang Haji Ahmad, Minister of Development, at the 11th Kunming Commodities Fair and the CEO of Brunei Economic Development Board at the 7th China International Fair for Trade and Investment.

It is evident that there exists great potential to expand and strengthen relations between Brunei and China as well as with other Southeast Asian countries. The strong relations in all fields will not only benefit the economic development of Brunei and China but will also contribute to world peace and stability.

Trade fairs will be actively organised by both countries as they are believed to help in the promotion of and interaction between the two countries based on the principles of mutual trust and benefit, the statement added. -- Courtesy of Borneo Bulletin

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