Myanmar exceeds border trade targets, achieving US$26.567M in Feb third week

The report indicates that Myanmar conducted a total of US$25.9768 million in trade during the third week of February, particularly through the Mawtaung, Kawthoung, and Kampaiti border trade posts.
Breaking down the figures, the Mawtaung border saw a total of $0.9648 million in trade, comprising $0.6582 million in exports and $0.3066 million in imports from 21 to 25 February.
At the Kawthoung trade post, the primary exports consist of aquatic products to Thailand under the FOB system. Key export items include various fishes, shrimps, octopus, squids, crabs, and palm oil. During the period from 20 to 24 February 2024, the country traded a total of 4,922.645 tonnes in exports and 1,354.572 tonnes in imports, amounting to a total trade value of $6.065 million.
The targeted trade amount for February 2024 was set at $20 million. However, as of 24 February, the actual trade figure stood at $26.567 million, exceeding the target by 130 per cent. Similarly, the Kampaiti border also surpassed the targeted trade amount by 123.908 per cent, with the real trade figure reaching $18.947 million.
On 25 February, Union Minister for Commerce U Tun Ohn urged a review of the process for issuing import licences and the taxation imposed on commodities imported via land borders. — TWA/TMT

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