August 16, 2017

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Export value with ITC over Ks1billion; imports over Ks16billion

A truck carrying motorbikes is seen near the105-mile Muse Trade Zone, Northern Shan State.

Export value with the use of the Individual Trading Card (ITC) from 1st April to 24th March this fiscal year reached Ks1.15 billion, whereas import value with ITC hit over Ks16.81 billion, according to statistics provided by the Commerce Ministry.
Trade value with ITC amounted to Ks17.96 billion as of 24th March in the current fiscal year. Out of border trade camps, Myawady and Kan Pike Tee border trade camps are found to have the largest trade value using the ITC.
The border trade values with ITC as of 24th March in this FY were over Ks861million in Tamu, over Ks867million in Muse, over Ks11.15 billion in Myawady, Ks767million in Tachilek, over Ks30million in Lweje, over Ks2.18 billion in Kan Pike Tee, over Ks383million in Kawthaung, over Ks708million in Reed, over Ks961million in Maw Taung and over Ks24million in Keng Tung and Ks29million in Maese, according to the official statistics of the Commerce Ministry.
The Trade Department issued 292 cards from 21st Nov 2012 to 31st March 2013, 261 cards in 2013-2014, 317 cards in 2014-2015, 146 cards in 2015-2016 and 245 cards as of 24th March, according to an announcement released by the ministry.
A businessman can trade Ks3million a day with an ITC, and the trade department granted trade up to Ks15million a day, which amounted to a five-day trade value.

 

 

Ko Khant

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