Myanmar’s Kawthoung border with Thailand reached over US$28.48 million as of 22 July this month, the Ministry of Commerce stated.
Fisheries exports in Kawthoung are operating with a free-on-board (FOB) system. There is always a trade surplus at the Kawthoung border. The main export items are various fish, shrimp, squid, crab, anchovy and oil palm.
The border was set to achieve a trade target of US$20 million for July, and actual trade value has already surpassed the trade target.
The Ministry of Commerce has been prioritizing trade promotion. Thailand grants zero tariffs for maize imports between 1 February and 31 August yearly. Myanmar conveys maize directly from Yangon Port to Ranong Port. Some are exported through the Kawthoung border as well.
Myanmar sent 87,748 tonnes of maize worth $20.622 million to Ranong via Kawthoung border as of 22 July.
Kyat-baht trade settlement is also operational in the Kawthoung border with authorized dealers (A Bank, MEB, KBZ and AYA).
The Kawthoung border performed the fourth-largest trade between Myanmar and Thailand, according to the Ministry of Commerce’s statistics. — NN/KK
