Individual trade from Myanmar-China borders hits nearly Ks1.7 billion

January 27, 2018

Individual trade through the Myanmar-China cross-border points, as of 12 January, reached some Ks1.7 billion, according to the official statistics from the commerce ministry. Using individual trading cards (ITCs), border traders imported some Ks1.7 billion worth of domestically produced goods in the last 10 months of this financial year, including Ks38 million from the Muse border gate, Ks70 million from the Lwejel gate, Ks4 million from the Chinshwehaw point and nearly Ks1.6 billion from the Kanpaiktee trade station. However, no import trade was carried out through the Kengtung border this fiscal year (FY).

During the same period, commodities with an estimated value of more than Ks185 million were sent to the neighbour through the Kanpaiktee and Kengtung borders. Individual trade through the 12 border entry points between last April and the second week of this month exceeded Ks34 billion, including Ks30.7 billion in imports and Ks3.3 billion in exports. Among the border trade camps, the value of trade through the Myawady border gate was the highest at Ks25.7 billion.

The commerce ministry has issued 140 cards to border traders in the current FY. The ministry introduced ITCs for border traders from late 2012 to promote individual trade transactions with neighbouring countries. Currently, there are some 1,404 ITC holders at the cross-borders.

Ref; The Global New Light of Myanmar