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Myanmar's border trade picks up in 2015-2016

Xinhua, March 21, 2016 Adjust font size:

Myanmar's border trade picked by over 500 million U.S. dollars in fiscal year 2015-2016 as compared with previous year, according to the Ministry of Commerce on Monday.

The border trade value for nearly 12 months (till March 11) stood at 6.56 billion U.S. dollars, while that for the same period of the previous fiscal year 2014-2015 was 6.14 billion U.S. dollars.

The export value through border trade for nearly 12 months of the fiscal year 2015-2016 was 4.15 billion U.S. dollars while the import value for the same period was 2.4 billion U.S. dollars.

There are 15 border trade zones in Myanmar which link China, Thailand, India and Bangladesh. Of them, Muse border trade zone which connects with China has the maximum trade value.

Maywaddy, one of the border trade zones connected to Thailand has the second maximum value while Htee Khee also linked to Thailand has the minimum value.

Myanmar government aims to open five new border trade zones in Mine Lat to link with China, Three Pagodas, PonepaKyinsu and Mese to link with Thailand, Htantalan to link with India.

However, it is not easy to open new border trade zones due to lack of transport infrastructure, according to an official of the ministry. Endit