Off the wire
• Indian stocks close lower  • Major news items in leading German newspapers  • AIIB, ADB sign MOU on cooperation  • Commentary: There's no place for a Cold War mentality in today's world  • 1st LD: 4 Shiite pilgrims killed in car bomb attack in Iraq's Baghdad  • 26 militants give up fighting in N. Afghanistan  • Tanzania launches project aimed at doubling rice production  • Bullet found on Fiji Airways aircraft  • Xinhua Asia-Pacific news summary at 1000GMT, May 2  • Zambia's airports see 6 pct growth in passenger arrivals in Q1  
You are here: 　 Home

Myanmar's border trade down in first month of FY 2016-17

Xinhua, May 2, 2016 Adjust font size:

Myanmar's border trade was down by over 24 million U.S. dollars in April, the first month of fiscal year 2016-17, according to official figures of Ministry of Commerce on Monday.

The border trade for nearly one month stood at 147.433 million U.S. dollars while that of the same period of the fiscal year 2015-16 was 171.877 million U.S. dollars.

The border trade was down due to some temporary restrictions by China on some items including rice and re-exported sugar.

Meanwhile, traffic jam happened on the route to Muse, a border trade zone between Myanmar and China, slowed down trade activities, Dr. Maung Aung, former advisor to the Ministry of Commerce, told Xinhua.

At present, Myanmar's officials are trying to expand the route, he added.

Minister for Commerce U Than Myint outlined plan to boost the country's export volume three time higher within five years at a meeting with exporters in April.

The border trade value between Myanmar and China through Muse border trade zone reached 86.663 million U.S. dollars for nearly one month of the fiscal year 2016-17 while the same period of the fiscal year 2015-16 was 118.597 million U.S. dollars.

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