Border trade with ITCs reaches Ks1.7 billion in current FY

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File photo shows trucks near 105-mile Muse Trade Zone, Shan State.

BORDER trade value using the Individual Trading Card (ITC) amounted to more than Ks1.7 billion in the current fiscal year, according to the Ministry of
Commerce.
The Myawady border trade camp is reported to have the largest volume of trade with a value of more than Ks1.250 billion. According to the ministry’s statistics, the export value with ITCs was Ks1.694 billion on the first 21 days of this FY, while the import value with ITCs was Ks86 million.
The trade value through ITCs at borders were Ks83m at Tamu trade camp; Ks4m at Muse border gate; Ks79m at Tachilek trade
camp; over Ks241 million at Kanpiketee border gate; over Ks28m at Kawthaung border town; over Ks19m at Reed border trade camp and over Ks72m at Mawtaung
gate.
The total trade value with ITCs was Ks18.972 billion in FY2016-2017.
From FY2012-2013 to date, the ministry issued a total of 1,273 ITCs to individual traders at borders. The commerce ministry permitted 292 ITCs in FY2012-13; 261 cards in FY2013-14; 317 cards in FY2014-15; 146 cards in FY2015-16 and 248 cards in FY2016-17 and 9 cards in current FY. According to the ministry, an ITC holder may trade up to Ks15m in five days at border trade camps and import and export offices, with a trade value of Ks3m a day on average.

 

Swe Nyein

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