September 20, 2017

Muse trade value down by over US$ 320 million

Trade value at the Muse border, which usually has the largest amount of trade, slumped by US$325.769million as of 3rd March in the current Fiscal Year 2016-2017, according to statistics released by the Commerce Ministry.
Muse border trade from 1st April to 3rd March this FY fetched US$4.55 billion, whereas the value at a similar point last year was US$4.88 billion. The drop in trade was attributed to the outbreak of armed conflicts in these areas and the confiscation of illegal rice exports by China authorities, it is learnt.
The total border trade value as of 3rd March this FY was up by US$ 194.029million when compared to that in last FY in spite of the fact that Muse, Kengtung, Kawthoung, Htee Khee and Sittway border trade camps show a decrease in trade value. Chin Shwe Haw and Myawady border trade camps performed the best with increase of over US$200mill and over US$170million respectively.
The country is conducting the border trade with neighbouring countries via border trade camps: trading with China through Muse, Lweje, Kanpikete, Chinshwehaw and Kengtung, with Thailand through the Tachilek, Myawady, Kawthoung, Myeik, Htee Khee, Maese and Mawtaung border gates. The cross-border trade camps between Myanmar and Bangladesh are Sittwe and Maungtaw, while the country trades directly with India via the Tamu and Reed border gates. —Mon Mon

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