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August 22, 2019

Goods flow restricted on Myanmar-India friendship bridge

Indo-Myanmar Friendship Gate in Reedkhorda Town, northern Chin State.  Photo: IPRD

The flow of goods on the Myanmar-India Friendship bridge in Reedhorda town of northern Chin State has been restricted since 15 July.
The movement of goods has been restricted following a directive issued by the Aizawl Customs Division of Mizoram State, India. Although, the reason for the trade restriction has not been revealed, cross-border traffic and people are being allowed on the bridge.
Myanmar conducts border trade with neighboring India through Tamu and Reed gates. Border trade vales were registered at $83.2 milling at Tamu and $75.9 million at Reed gate.
The value of trade between India and Myanmar totalled US$159.16 million between 1 October and 5 July in the current fiscal year, according to trade data from the Ministry of Commerce. In the corresponding period of the previous fiscal, the trade value was nearly $100 million.
Exports surpassed imports in border trade with India, with importsvalued at $19.35 million and exportspegged at $139.8 million.
Myanmar exports mung beans, pigeon peas, green grams, areca nuts, ginger, saffron, turmeric, bay leaves, and other fruits and vegetables, and fishery and forest products to India.It imports pharmaceuticals, oil cakes, electronic products, motorbikes, steel, and other construction materials. —IPRD/ GNLM
(Translated by Ei Myat Mon)

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