Myanmar-Thailand border trade reached almost $500 million in first five months

URL: https://issuu.com/myanmarnewspaper/docs/12_sept_16_gnlm

The Global New Light of Myanmar, 12 Sep 2016

TRADING between Myanmar and Thailand via border trade camps was worth nearly US$500 million over the past five months, according to the Department of Trade. The trade value through the two borders has increased by over $100 million compared to the same period last year. Between April and early September this year, the total border trade value of the two countries reached $499.861, including trading of over $340 million worth of products from the Myawady Border Trade Camp. To promote trade between the two nations, border trade camps including Tachilek, Myawady, Kawthaung, Myeik, Nabule/Htikhi and Mawtaung have been opened on the Myanmar side. Myanmar mostly exports agricultural products, animal products, mining materials, forest and fishery products to its trade partners. Myanmar’s neighbouring countries import personal goods, raw materials and capital goods. Myanmar has inked cross-border trade agreements with Thailand, India, China and Bangladesh. The trading process has been carried out through 15 trade camps with those countries. Plans are underway to further expand the border trade camps at strategic areas along the borders.