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November 14, 2018

Sino-Myanmar border trade exceeds $994 million over two months

Trucks are seen near the 105-Mile Muse Border Trade Zone in northern Shan State. Photo: Phoe Khwar
Trucks are seen near the 105-Mile Muse Border Trade Zone in northern Shan State. Photo: Phoe Khwar

The border trade between China and Myanmar between 1 April and 1 June during the six-month interim period for the 2018-2019 financial year was valued at US$994 million, up by $94 million compared to that of the same period in the 2017-2018 FY, according to the commerce ministry.
The Sino-Myanmar trade in the same period last FY was valued at $900 million. Myanmar trades with China through the Muse, Lwejel, Chinshwehaw, Kanpiketee and Kentung gates.
Muse is the major border trade gate in Myanmar conducting the largest trade volume. The Muse gate saw an increase of nearly $110 million over the past two months against that of last FY.
The Sino-Myanmar border trade was worth $835 million at Muse, $41 million at Lwejel, $55 million at Chinshwehaw, $62.5 million at Kanpiketee and $0.42 million at Kengtung.
Myanmar’s rice, sugar, pulses, sesame seeds, corn, dried tea leaves, fishery products, minerals and animal products are exported to China, while capital goods, intermediate goods and consumer goods flowed into the country.
In a bid to promote bilateral trade, Myanmar’s Trade Department, operating under the commerce ministry, the Yunnan Provincial government and the Kunming People’s government are preparing to sign a memorandum of understanding soon, according to the Republic of theUnion of Myanmar Federation of Chambers of Commerce and Industry.
This agreement will cover the export of rice, sugar, corn and other agro products to China. In turn, agriculture machinery, electrical appliances, iron and steel-related materials of the same value will be imported. — Mon Mon

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