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February 27, 2018

World Bank gearing up to assist development of legal border trade

World Bank is gearing up to assist the development of legal trade in the border areas.
Trade value between Myanmar and China during this fiscal year has risen by over US$3million when compared to the similar period of last fiscal year, with a total trade value of over US$1.5billion, it is learnt from Trade department.
A Diagnostic Trade Integration Study (DTIS) is helping trade reform program to facilitate border trade and transportation and to strictly levy custom duties. World Bank is not directly contributing to the border areas’ development but providing assistance to reform processes relating to the development of border areas.
Myanmar has to deal with a challenge of illegal trade which outmanoeuvres legal trade in border areas, said some economists. Trade camps between Myanmar and neighbouring countries are Muse, Lweje, Kanpike Tee, Chin Shwe Haw, Tamu, Reed, Myawady, Tachilek, KengTung, Kawthaung, Myeik, Nabule, Hteekhee, Mawtaung, Sittwe and Maungdaw.—200


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