Myanmar earns over US$2 B from border trade

Myanmar earns over US$2 B from border trade
Published 20 December 2019
Zeya Nyein

Myanmar has earned US$2.015 billion from border trade from October 11 to December 6 in this fiscal year and it is more US$500 million in compared with the same period in the last fiscal year, according to the Ministry of Commerce.

It earned US$1.147 billion from the Muse border trade center in this period.

Border trade centers in Myanmar are Muse, Lweje, Chinshwehaw, Kanpiketi, Kengtong, Techilek, Myawady, Kawthoung, Myeik, Nabule/Htikhi, Mawtaung, Maese, Sittwe, Maungdaw, Tamu, Reik, Htantalan, and Kyainglek.

Myanmar is expecting to earn US$34 billion from the trade sector in 2019-20 FY and US$18 billion from the export sector, said Dr Than Myint, Union Minister for Commerce in an interview with media in Myanmar Entrepreneurship Summit 2019 held at Fortune Plaza on November 16.

"To boost trade, we need to improve both quantity and quality. In import sector, we need to import more capital goods that can generate sustainable economy,” he said.