India-Myanmar border trade up by $69.67 mln as of 12 March

The value of border trade between India and Myanmar jumped to US$140.226 million between 1 October and 12 March period of the current financial year amid the closure of border posts by India. The figures reflected an increase of $69.67 million as against a year-ago period.
India closed the border gates in Mizoram and Manipur in the wake of the coronavirus pandemic. The traders suffered the negative impact of the outbreak.
The cross-border trade between Myanmar and India has stopped, and the border posts’ reopening has been put off for now.
Myanmar conducts border trade with neighbouring India through Tamu, Reed, and Htantalan border posts.
Between 1 October and 12 March in the current fiscal year, trade values were registered at over $28.9 million at Tamu and $111.25 million at Reed. There was no trade recorded at the Htantalan post.
Myanmar exports mung beans, pigeon peas, green grams, areca nuts, ginger, saffron, turmeric, bay leaves, fishery products, fruits, and vegetables to India. At the same time, it imports pharmaceuticals, oil cakes, electronic appliances, motorbikes, steel and other construction machines and building materials from the neighbouring country. — MM/GNLM

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