Normal border trade amount could hit about US$4 billion at the end of
this fiscal year, according to sources at the border trade department.
It is estimated that official trade will increase following the seizure of illegal goods.
Border trade has gone up to US$2 billion from April 1 to the second
week of November in this fiscal year and the total trading amount in the
whole country is more than US$10 billion for the fiscal year.
The Muse border trade centre constitutes about 80 per cent of total
border trade and the highest of all border trade centres. The second is
the Myawady border trade centre. Currently the department is inspecting
illegal trade along the Myanmar-Thailand border trade routes.
“Currently, the border trade is more than US$2 billion. We estimate
that the amount will be about US$4 billion at the end of this fiscal
year if the situation is not changed,” an official from the border trade
department, who didn’t want to be named, said.
China is Myanmar’s biggest trading partner, followed by Thailand.
“We are checking illegal traders with mobile teams and encouraging
them to make licences and to trade officially. For example in previous
years, Myeik and Kawthoung had not imported fuel with licence and now
they imported the fuel with licence due to the restriction on illegal
trade,” he said.
source: Eleven Myanmar
http://www.elevenmyanmar.com/business/1436-normal-border-trade-amount-to-hit-us-4b-due-to-the-seizure-of-illegal-goods
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