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

May 27, 2020

Myanmar, China resume $10 mln border trade per day: MoC

The bilateral border trade between Myanmar and China has declined by over US$139 million as of 27 March because of the spreading of Coronavirus (Covid-19), according to the Ministry of Commerce (MoC).
The bilateral border trade has been dropping by $1 million per day since the trade between Myanmar and China has resumed at the end of February. Now, Myanmar can trade over $10 million worth commodity per day, announced the Ministry of Commerce.
Although the trade through Muse 105th Mile trade zone is not suspended after China has restricted the travelling to control Covid-19, the bilateral trade has decreased by over $1 million. Starting from 24 February 2020, the trade operation has resumed and the trade value has reached the normal situation of above $10 million per day, stated the announcement by the Ministry of Commerce.
Since the cargo trucks from uninfected China provinces are permitted to enter Shweli and Kyaekhaung borders, Myanmar has imported over 16,900 tonnes of CMP raw materials worth $54.602 million through the Muse border within 2 months, according to the Ministry of Commerce.
Myanmar imports 30 truckloads of CMP raw materials per day from the first week of March to 10 March. From 11 to 22 March, the number of trucks reached up to 60. Currently, Myanmar is importing 70 trucks of CMP raw materials per day.
The total trade value between Myanmar and China has exceeded $3.1 billion from 1 October to 27 March, a drop by $139 million compared to the same period of last year, stated the Ministry of Commerce. —Aye Cho (Translated by Hay Mar)

Comments

Related posts