Individual trade at Myawady border exceeds Ks9 billion this FY

Myawady Gate File photo shows cars passing through the Myawady Border gate.  Photo Supplied copy
File photo shows cars passing through the Myawady border gate.  Photo: Supplied

TRADE through Myawady, a Myanmar-Thailand border gate, using individual trading cards (ITCs) totalled Ks9.088 billion within the past four months, according to the Ministry of Commerce’s trade report issued this Friday.
During the period, the Myawady border gate was ranked first, both for the volume of trade conducted and its value, followed by the Mawtaung border gate with Ks2.259 billion and Tamu with Ks1.985 billion. The ministry’s trade report showed that the value of trade through the remaining border stations was lower than Ks400 million.
Individual trade from all border points of entry between 1 April and 3 August of this fiscal year was Ks14.375 billion, including Ks3.243 billion in exports and Ks11.132 billion in imports.
The ministry has issued individual trading cards to border merchants, to promote cross-border trade since 2012-2013 FY. Since then, to date, a total of 1,474 cards have been issued to individual merchants. Trade authorities issued 42 cards to new traders in the current financial year.
The ministry is putting forth continuous efforts to boost the trade industry, formulate trade policies in line with the market economic system and improve the trade environment, under its trade policy objectives.

 

Khine Khant

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