October
30, 2017
Kanyinchaung
Trade Zone situated in Maungtaw township, Rakhine Stateis being upgraded into
Kanyinchaung Economic Zone, by extending more 100 acres from 49.6 acres of
original area.
Kanyinchaung
trade zone started to have been built in October 2015, and it was closely
situated with Bangladesh which had a great demand for foodstuff. Out of all
border trade zones in the country, it has 90 percent of exports and 10 percent
of imports.
Maungtaw border
trade was started in 1991. Until now, dollar alone was used in trading
commodities there, it was learnt. As for tax, it was the type of LCCT (Low Cost
Carrier Terminal), resulting in tidy benefits, according to Maungtaw Region
Merchant Association. But volume of trade plunged down up to 60 percent, after
the 2012 riot, it was learnt.
Presently, the
State will implement the Kanyinchaung Economic Zone in cooperation with private
sector. Now, Union Ministers and responsible persons led by UMFCCI general
secretary made a survey on the ground for further arrangements.
Kanyinchaung
Economic Zone Campus is targeted to be included factories including freezing
and refrigerated storage in fisheries and sewing factories. Currently a cargo
ship carrying construction commodities and rice bags on board under the
programme of Red Cross Movement Group was found calling at the Kanyinchaung
Port.
There is only
one mile concrete road left to be built on the road from Kanyinchaung Economic
Zone to Maungtaw. Upon completion of the road, commodities and goods can be
transported more quickly by motor vehicles from the economic zone to Maungtaw.
Aung Kyaw Oo
Ref;
The Global New Light of Myanmar
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