Kawthoung border trade crosses US$18M in mid-July

Myanmar’s Kawthoung border with Thailand aimed to achieve a trade target of US$20 million for July, and actual trade value as of mid-July has reached $18.8 million, performing over 94 per cent of the trade target.
Fisheries exports at Kawthoung are operating with a free-on-board 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 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 76,838.3 tonnes of maize to Ranong via the Kawthoung border, with an estimated value of $17.887 million.
Kyat-Thai baht trade settlement is also operational in the Kawthoung border with authorized dealers (A Bank, MEB, KBZ and AYA).
The Kawthoung border attained the fourth-largest trade value between Myanmar and Thailand, according to the Ministry of Commerce’s statistics. — NN/KK