India-Myanmar border trade up by $78.8 mln amid strict border control

The value of border trade between India and Myanmar jumped to US$155 million between 1 October and 2 April period of the current financial year 2020-2021 amid the closure of border posts by India. The figures reflected an increase of $78.8 million as against a year-ago period.
India tightened border control 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 become sluggish. The reopening of the crossings has been put off for now.
Myanmar conducts border trade with neighbouring India through Tamu, Reed, and Htantlang border posts.
Between 1 October and 2 April in the current budget year, trade values were registered at over $31.15 million via Tamu border and $124 million via Reed. There was no trade recorded at the Htantlang 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.  — KK/GNLM

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