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Myanmar-India border trade rises as of 20 Aug

The trade between Myanmar and India soared to over US$106 million this financial year 2020-21, said a statistical report of Myanmar’s Commerce Ministry.
The border trade between two neighbouring countries hit $194 million as of 20 August in the current financial year 2020-21 ending March.
The border trade during the period increased by $106 million compared with the same period of the previous financial year. The Myanmar-India total border trade during the period was shared by Myanmar’s export of $192 million and its import of $1.57 million.
The two countries carry out the border trade mainly through Tamu, Reed and Thantlang cross-border trade camps, while a major part of bilateral trade is delivered through ships. Myanmar mainly exports to India fruits and vegetable, fishery and forestry products, while importing from India medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials. — ACM/GNLM

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