November
27, 2016
The
total trade value of the Muse border trade camp reached nearly US$3.2 billion
this year, a decrease of over $140 million compared to the same period last
year, according to the Commerce Ministry.
Located
between Myanmar and China, the Muse border trade camp has the highest volume
and value of total border trade among other trade camps.
Between
1 April and 18 November, the trade value of the Muse border trade camp hit
$3.182 billion, including $2.144 billion from the export sector and $1.038
billion from the inport sector.
The
total trade value of Muse
in
the same period of last year was $3.326 billion, including $2.3 billion from
the export sector and $1.005 billion from the import sector.
The
decrease in the value of trade is related to the recent attacks by a combined
force of ethnic armed groups near the 105-mile trade zone, killing innocent
civilians and destroying warehouses and cargo trucks, according to local
traders.
According
to the official figures released by the Ministry of Commerce, the trade value
of Muse was $2.829 billion in FY2012-2013, $3.517 billion in FY2013-2014,
$5.318 billion in FY2014-2015 and $5.377 billion in FY2015-2016.
Myanmar
mostly exports agriculture products, forest products and fisheries products to
neighbouring countries and imports personal goods, construction materials and
other.
Shwe
Khine
Ref;
The Global New Light of Myanmar
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