Border trade amount reaches to over US$3.7 B within four months

Border trade amount reaches to over US$3.7 B within four months
Published 13 February 2020
EMG

Border trade amount is reached over US$3.7 billion from October 1 to January 31 in this fiscal year and it is more US$590 million in comparison with the same period in last fiscal year, according to the Ministry of Commerce.

Myanmar earned US$1.896 billion from Muse border trade center in that period and it is more US$240 million in comparison with the same period in last fiscal year.

Myanmar has 18 border trade centers: Muse, Lweje, Chinshwehaw, Kanpikete, Kengtung, Techilek, Myawady, Kawthoung, Myeik, Nabule/Htikhi, Mawtaung, Maese, Sittwe, Maungdaw, Tamu, Reik, Htantalan and Kyainglek.

Myanmar is expecting to earn US$34 billion in 2019-20 FY and to export US$18 billion worth of products, said Dr Than Myint, Minister for Commerce.

“We are promoting both quality and quantities of the export products to enhance trade and will import more products that can provide assistance for long term economic development,” he said.