Thursday, 27 March 2014

Myanmar-Thailand border trade earns nearly US$ 700 million—mostly in imports

Myanmar-Thailand border trade has reached nearly US$ 700 million (Ks 676.19 billion), with the Myawady border trade camp and others accounting for the majority of this volume, according to the Commerce and Customer Affairs Department of the Ministry of Economics and Commerce.

Myanmar-Thailand border trading from April 1 last year through the second week of March for the 2013-14 fiscal year has reached US$ 679.2 million, with most of the volume consumed by imports from Thailand, the department said.

Most border trade transactions occurred through the Tachilek border trading camp in Shan State, Myawady camp in Kayin State, and the Kaw Thoung, Myeik, Nabule/Htikhi, and Maw Taung camps in Taninthayi Region.

During the above-mentioned period, trading volumes in respective camps were US$ 278.5 million in Myawady, US$ 86.15 million in Tachilek, US$ 115.2 million in Kaw Thoung, US$ 147 million in Myeik, US$ 51.92 million in Nabule/Htikhi, and US$ 36.7 million in Maw Taung.

Trading camps along the borders are planning to promote more border trade with neighbours Thailand and China, according to department sources.

Border trading camps in the planning stage are Maila trading camp on the Myanmar-China border and Mese, Hpayathonesu and Ponpa Kyin camps on the Myanmar-Thailand border.

Myanmar-Thailand border trading camps that opened last year, such as Nabule/Htikhi and Maw Taung, are performing a small volume of trade—mostly imports.

Border trading camps along the borders with China, India, Thailand and Bangladesh have also opened.

source: Eleven Myanmar
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