August 19, 2016

Trade value through Muse border trade camp on the decline this FY

Trade value through the Muse border trade camps has been on the steep decline, it has been learnt from the statistics of the Ministry of Commerce.
Currently, the trade value via the 105th Mile Muse border gate has amounted to over US$13million. At the same period last year, about US$47million in trade value was attained, according to the statistics.
The decline in trade value is attributed to the confiscation of sugar and rice by Chinese authorities, who have recently begun enforcing the ban on the export of sugar and rice through border camps. Since then, the export of rice and sugar to China has been suspended. The action has dramatically slowed activity in Muse, where, in the past, long queues of trucks could be seen arriving and leaving.  As a result of the suspended trade, the truck drivers, merchants and labourers have suffered financially. This is why trade value through the border areas has slumped this year, said a rice merchant from Muse commodity depot.
Trade value at the other border trade camps between Myanmar and China — Lweje, Chin Shwe Haw and Kanpike Tee — are over US$240million. The Muse border trade camp is one of the largest trade camps in Myanmar. —GNLM


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