Myanmar-Thailand border trade value hit over US$710million

November 10, 2016

The border trade value between Myanmar and Thailand as of 28th October in this fiscal year reached US$715.261million, a big jump compared to the same period of last year, when trade value was only US$583.946million.

This year’s figure increased by over US$131million, according to the statistics of the border trade.

Tachilek, Myawady, Kawthaung, Myeik, Htee Khee and Maw Taung border trade channels are open to trade between Myanmar and Thailand.

The Myanmar export sector is dependent on natural resources such as natural gas, teak, agricultural products and fishery products.

Agricultural products, livestock, minerals, forest products and industrial finished manufacturing goods are exported from Myanmar while personal goods, industrial raw materials and capital goods are imported into Myanmar.

Myanmar has entered into agreements with neighboring countries — India, Thailand, China and Bangladesh — to engage in border trade in a total of 15 border camps: Muse, Lweje, Kan Pike Tee, Chin Shwe Haw, Tamu, Reed, Myawady, Tachilek, Keng Tung, Kawthaung, Myeik, Nabulae/ Htee Khee, Maw Taung, Sittwe and Maung Taw.

To bump up the border trade, there is a plan to negotiate with the countries concerned to open more trade camps in the commercial cities in the border areas, it is learnt.

Ko Htet

Ref; The Global New Light of Myanmar