China greenlights import of Myanmar industrial crops

IMG 20200130 121157 mk
The value of imports through the Chinshwehaw border stood at US$461.378 million in the financial year 2020-2021, which plunged from $541.8 million recorded in the FY2019-2020, the Ministry of Commerce’s data showed.

Chinese authorities from Yunnan Province which is close to Myanmar’s Chinshwehaw border in northeastern Shan State gave the go-ahead to four industrial crops from Myanmar, including sugarcane, rubber, tragacanth gum and cotton.
Those crops will be conveyed to China once the Ministry of Commerce in Myanmar grants a permit.
China shut down all the border posts because of the COVID-19 negative consequences. Only those four items are permitted for import at present, Sai Khin Maung, the executive of Muse-Namkham Border Trade Chamber of Commerce said.
Normally, Myanmar exports agricultural products including rice, beans and corns, sugarcane and chilli pepper. The raw CMP materials, electrical appliances and consumer goods are imported into the country.
The value of imports through the Chinshwehaw border stood at US$461.378 million in the financial year 2020-2021, which plunged from $541.8 million recorded in the FY2019-2020, the Ministry of Commerce’s data showed. —KK/GNLM

Share this post
Hot News
Hot News