You can read daily news of Global New Light of Myanmar using mobile applications. Download now!

July 09, 2020

China border trade suspension hurts over 50,000 marine workers; losses pegged at $50 mln

Seafood exports cause a lot of losses due to China’s border trade suspension. Photo: Salai Van Ro Thang (IPRD)
Seafood exports cause a lot of losses due to China’s border trade suspension. Photo: Salai Van Ro Thang (IPRD)

The suspension of border trade with China in wake of the novel coronavirus (COVID-19) outbreak has rendered more than 50,000 marine workers jobless, according to Hein Nadi Aung Company Limited, which is exporting marine products from Muse town. The losses in fishery exports have been estimated at more than US$50 million, it stated.
China has halted imports of Myanmar’s marine products such as crabs, eels, frozen fish, dried fish and prawns, shrimps, and other products since 27 January.
“Prior to the outbreak of COVID-19, 15 trucks of marine products, with estimated weight of 30 tons, were exported to China per day. The trade was forced to a stop after the COVID-19 epidemic. As a result, more than 50,000 marine workers across the country have become unemployed. Moreover, all stakeholders in the supply chain, including truck drivers and staff of export companies, are facing financial constraints,” said U Thein Win, manager of the Hein Nadi Aung Company.
According to market rumors, trade is expected to resume from 23 February. However, there has been no official statement from China yet.
“Marine products are perishable and decay more easily than fruits. It will take some time to reopen border trade as China has not issued any statement yet,” he added.
The fees charged by the Muse fruit exchange has been exempted until 23 February. But, marine products have not been exempted of commodity exchange charges.
“At present, the entry of marine products to the Muse market remains suspended. The fishery industry is endeavoring to penetrate other potential markets,” U Thein Win added. —Salai Van Ro Thang (IPRD) (Translated by Ei Myat Mon)

Comments

Related posts