August 19, 2016

Value of trade through Muse camp declines by almost $65m

Trade through the Muse border trade camp from 1st April to 8th July declined by US$64.575million compared to the same period last fiscal year, according to new statistics from Trade department.
The camp has seen a greater decline in trade value compared to other border trade camps between China and Myanmar:
Lweje, Chin Shwe Haw, Kanpike Tee and KengTung.
The trade via Muse trade camp from 1st April to 8th July in this fiscal year has fetched US$1,135.166million which is down from US$1,199.741million in the same period of the last fiscal year.  Myanmar exported agricultural products, livestock, mineral products, forestry products and finished industrial materials to neighboring countries while personal products, industrial raw materials and commodities have been imported.
Trade through the Keng Tung border camp has also declined. But other trade camps have witnessed seen an increase compared to the same period of the last fiscal year.
There are a total of 15 border trade camps between Myanmar and its neighboring counties of  China, India, Thailand and Bangladesh. They are: Muse, Lweje, Kanpike Tee, Chin Shwe Haw, Tamu, Reed, Myawady, Tachilek, Keng Tung, Kawthaung, Myeik, Hteekhee, Mawtaung, MaungTaw and Sittwe.
Myanmar has entered into several border trade contracts with neighboring countries.—GNLM


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