MYANMAR shares borders with five neighbouring countries, and some of these borders are easily crossable and difficult to monitor. This makes it challenging to control illegal trade and contributes to the occurrence of illicit commerce. According to the Transnational Alliance to Combat Illicit Trade (TRACIT), it is estimated that over US$460 billion worth of goods are traded illegally worldwide each year.
Due to the weakening of
stability and peace in the border areas, some border points have been closed.
Certain service personnel and ethnic armed groups, which have agreed to peace
with the government, have been involved in illegal trade activities for their
own personal gain, without loyalty or accountability to the State. Such illegal
activities not only prolong the presence of armed groups in border regions but
also cause the state to suffer losses by depriving it of the rightful taxes and
revenues it should receive.
Moreover, there is an
imbalance between exports sent abroad and legally imported goods entering the
country, and this disparity in trade value causes the state to lose hundreds of
millions of US dollars in potential taxes and revenues. In addition, foreign
currency spent on the value of illegal exports and imports, as well as the
foreign currency obtained from such trade, is also lost due to the involvement
of corrupt service personnel participating in illicit trade. The illegally
acquired foreign currency, often moved through channels such as
cryptocurrencies, further undermines the country’s ability to secure legitimate
foreign exchange reserves.
The entry of
low-quality goods through illicit trade routes harms domestic consumers.
Smuggled goods disrupt market prices and weaken the competitiveness of local
producers and businesses. This undermining of domestic industries reduces
employment opportunities. Declines in production capacity and exports, among
other effects, negatively impact the country’s economic development.
Illicit trade and
criminal exploitation are closely interconnected. The expansion of illegal
trade slows national development and harms the country’s economy. Since
economic damage affects other sectors as well, illicit trade must be regarded
as a major threat to the nation. Government service personnel should faithfully
perform their duties and avoid involvement in activities driven by greed that
could endanger the country. That is why the government authorities are trying
hard to combat illegal trade activities; those service personnel assigned
duties to suppress the illegal export and import activities should be
encouraged to act with loyalty and integrity toward both the State and the
people.
#TheGlobalNewLightOfMyanmar
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