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March 02, 2018

Value of trade through Muse border trade camp on the decline

The value of trade through the Muse border trade camp was on the decline as of the end of September, it is learnt from the statistics of Trade Department.
The value of trade via Muse as of 23rd September in this fiscal year amounted to US$2,214.732million, whereas in the similar period of last fiscal year the figure was US$2,447.717million, a slump of over US$232million. The export volume also dropped when compared to the previous fiscal year.
The Muse border trade camp handles the largest amount of trade among border towns with over US$2billion in value annually.
Agricultural products, livestock, minerals, forestry products and industrial finished products are exported from Myanmar. Personal goods, industrial raw materials and capital goods are imported into Myanmar from neighbouring counties.
The Myanmar export sector is dependent on mineral resources, natural gas, teak, agricultural and fisheries products.
Myanmar has entered into an agreement with the neighbouring countries of India, Thailand, China and Bangladesh to enhance border trade.
The value of trade through Myanmar’s 15 border trade camps as of 23rd September totaled US$3,239.860million. The 15 border trade camps are Muse, Lweje, Kan Pike Tee, Chin Shwe Haw, Tamu, Reed, Myawady, Tachilek, Keng Tung, Kawthaung, Myeik, Htee Khee, Maw Taung, Sittwe and Maung Taw.
The government has plans to negotiate with the countries concerned to open more border trade camps in order to increase border trade.—Mon Mon


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