January 9, 2017
Border
trade through Chinshwehaw is expected to reach US$640 million this fiscal year,
according to a recent report in the Myanma Alin. This will include $620 million
in exports and $20 million in imports. The main export items are pulses, corn,
sesame, rice, rubber, livestock, sugar and bamboo, whereas seasoning powder,
fertilisers, construction tools, consumer goods and food products are being
imported.
Chinshwehaw
is the second largest checkpoint among the Sino-Myanmar gates. To bolster
border trade, the limit on the import quota set by China must be raised. China
does not impose a quota limit on the import of green grams, peanuts and sesame
but imposes it on rice, corn, rubber and sugar.
China
has set a quota limit of 100,000 tonnes on the import of rice. This limit is
low compared to the actual import volume, said U Sai Kyaw, secretary of
Mandalay Region Rice Merchants Association.
The
trade value last fiscal year reached more than $573 million, including $515
million in exports and $57 million in imports.
Zar
Lin Thu (AMIA)
Ref; The Global New
Light of Myanmar
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