Chinese tax on Myanmar goods slows trade to a trickle in July

image 0 02 06 7dc0caa8981107f0a8297aafe66ce5968b64a9c043744decb665fa7ff087af08 VTo protect the local production of Chinese farmers, the China authorities increased its tax rate to 100 per cent for imported goods, prompting most merchants to halt trade in July.
Main exports through Chinshwehaw checkpoint to China are pulses, sesame seeds, sugar, rice and rubber, said the merchants.
Sino-Myanmar border trade is mainly conducted through Muse, Lweje, Kanpiketee, Chinshwehaw and Kengtung. Values of trade through Sino-Myanmar land ports of entry as of 14 July was estimated at US$1.63 billion, which is an increase of $30 million compared to the same period last year.
Of five Sino-Myanmar checkpoints, Muse, Chinshwehaw and Kengtung showed slight decreases in trade.
Total border trade value from 1 April to 14 July was nearly $2 billion, an increase of $15 million compared to last year.
Myanmar is carrying out border trade with India via Tamu and Reed checkpoints. The country’s land ports of entry with Bangladesh are Sittway and Maungtaw.
Myanmar and Thailand border trade takes place at Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Maese and Mawtaung land ports of entry. —Htet Myat

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