Kan Pike Tee Free Trade Zone Project
The Kan Pike Tee Free Trade Zone Project, also known as the Kanpiketi Business Park, is a major initiative in Myanmar linked to China's Belt and Road Initiative (BRI). Here's a more detailed overview: Background and Development Location and Scope : Situated in Kachin state, the project includes a development zone in Myitkyina and a border trade post in Kan Pike Tee, covering nearly 5,000 acres. Approval and Control : Approved by the Kachin State parliament, the project encompasses about 70 acres in Kanpiketi, controlled by the NDAK militia, allies of the Myanmar military. Involvement and Investment Joint Venture : Developed by Myanmar Heng Ya Investment Development Company Ltd (a joint venture between Myanmar's Kampaiti Development Company Ltd and China's Yunnan Tengying Trading Company Ltd) at an estimated US$22.4 million. Stake Distribution : The Chinese company holds a 70% stake, with the remaining 30% held by the Myanmar company. Local Impact : Plans indicat...