Border Trade Comes to Increase

 

As Myanmar trucks are allowed for border-crossing through the Kyinsankyawt-Wang Ding trade channel linking bilateral trade between Myanmar and China, transport costs can be slashed, resulting in trade balance up than before.

According to the comparison between the period from January and April this year and the same period in 2019 before COVID-19 pandemic,

  • The average daily commercial service export and import comes to reach up to 42 per cent.
  • As daily trade volume sees an increase of 256%, it reaches 3.5-fold of trade volume before COVID-19 pandemic.

For the time being, although it needs not to change trucks for Myanmar goods entering China through the Kyinsankyawt crossing, the driver will have to substitute under the driver-substitution system. Besides, arrangements are now in progress to open other border trade posts between Myanmar and China.

     The talk on strengthening bilateral trade between Myanmar and Bangladesh was held on 14 May in Yangon. During the talks, the Bangladeshi ambassador to Myanmar discussed the matters related to future plans for strengthening bilateral trade and the access to make direct export of products from Rakhine state to Dhaka and Chittagong markets. The secretary and responsible officials of Rakhine State Chamber of Commerce and Industry talked to the ambassador about the ongoing problems for export, it is reported.

  • According to the comparison between the period from January and April this year and the same period in 2019 before COVID-19 pandemic, the average daily commercial service export and import comes to reach up to 42 per cent and it reaches 3.5-fold of trade volume before COVID-19 pandemic as daily   trade volume sees an increase of 256%.
  • During the talks the matters related to future plans for strengthening bilateral trade, the access to make direct export of products from Rakhine state to Dhaka and Chittagong markets and the ongoing problems for export were discussed.
engdate: 
Friday, May 20, 2022 - 17:00
month: 
May, 2022