Friday, 11 July 2014

Border trade with Thailand down from last year

The Department of Commerce and Consumer Affairs has reported a decrease in border trade with Thailand despite building new trade zones and stamping down on illegal trade.
From April 1 to June 27 of the 2014-2015 fiscal year, the trade volume recorded at various designated trade zones of the Myanmar-Thai border amounted to US$135 million. This marks a sharp decrease from the US$162 million recorded last year.

Border trade is mostly recorded at various zones in the border towns of Techilek, Kengtung, Kawthaung, Myeik, Nabulal/Hteekhee, Mawtaung and Myawady.

Myanmar has already signed border trade agreements with India, Thailand, China and Bangladesh to be able to cooperate in border trade with neighbouring countries.

Exports from Myanmar are mainly agricultural as well as animal products, gems, minerals, wood and timber while imports are mainly consumer goods, electronics, raw materials for industry and other commodities.

source: Eleven Myanmar
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