Wednesday, January 10, 2018

Myanmar eyes border trade worth US$640 million through Chinshwehaw gate



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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