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No imports through Maungdaw border


Published June 16, 2017

By Chan Mya Htwe @ The Myanmar Times

Maungdaw border trade in Rakhine State has resumed but imports from Bangladesh have yet to come in, Maungdaw Border Trade Chamber of Commerce president U Aung Myint Thein told The Myanmar Times.

Border trade between Myanmar and Bangladesh at the Maungdaw border gate can provide large support for Myanmar’s exports as 90 percent of the border-cross trading are Myanmar exports while 10pc are imports from Bangladesh.

According to the Ministry of Commerce’s figures, trade between Myanmar and Bangladesh at the Maungdaw border trading point was worth US$1.68 million from the beginning of the fiscal year – April 1 to May 16 – but this was only from exports. In same period last year, export was roughly $712,000.

Original Source: http://www.mmtimes.com/index.php/business/26417-no-imports-through-maungdaw-border.html

Created at 2017-06-19 11:58:45