The first Myanmar (Lashio)-China (Lincang) border economic and trade fair opened in Myanmar's northern city of Lashio on yesterday, Xinhua reported.

The purpose of holding the border trade fair is to further enhance bilateral trade, expand investment and promote closer relationship between entrepreneurs of the two countries, said Myanmar Commerce Minister U Than Myint at the opening ceremony.

Chinese Embassy Minister Counsellor Li Xiaoyan said the two countries' economies are highly complementary and the two sides have broad cooperation prospect in agriculture, tourism, production capacity, infrastructure and industrial park. She believed that the border fair will provide more opportunities for bilateral business cooperation and friendly exchanges between border inhabitants as well as for jointly building the Belt and Road and China-Myanmar Economic Corridor.