May
23, 2017
THERE
is a large difference between the official border trade statistics released by
Myanmar and Thailand, a disparity that could be explained by the smuggling
business between the two countries, which is worth as much or more as official
trade, according to the Ministry of Commerce.
According
to Myanmar, bilateral trade via the Myawady border gate was over US$928 million
in the 2016-2017 fiscal year, while Thailand’s official figures showed that the
bilateral trade hit $2.44 billion—a difference of about $1.5 billion.
The
difference in the declared amounts may be referred to as the “smuggling
amount”, said an official from the Myawady Trade Zone, adding that there may be
as many as 25 smuggling routes across the Thaungyin River, the border between
the Thai province of Tak and Kayin State.
Traders
sometimes use the illegal routes because they cannot wait a long time to
conduct export and import of goods through the normal border gate, traders say.
Informal
trade in the region involves illegal transactions of restricted goods such as
cattle and gems, according to U Thant Zin Aung, an MP from Myawady Constituency
No. 2 of Kayin State, saying that the problem has already been reported to the
relevant departments.
The
majority of imports from Thailand are food, beverages, electronics,
agricultural machinery and home appliances, while exports from Myanmar include
agricultural and marine products.
200
Ref;
The Global New Light of Myanmar
No comments:
Post a Comment