Myanmar-India border trade slides to $46 mln

LOCAL NEWS

The value of border trade between Myanmar and India reached US$46.97 million as of 24 January in the 2019-2020 fiscal year, a decline of $13.43 million from $60.4 million recorded in the year-ago period, according to statistics provided by the Ministry of Commerce.
The total border trade figure for the current fiscal includes exports of $45.37 million and imports of $1.6 million.
The two countries conduct border trade mainly through the Tamu, Reed, Thantlang, and Kenglap cross-border trade camps, while a major part of bilateral trade is carried out via the sea.
India is one of Myanmar’s top trading partners. The two countries inked a bilateral border trade agreement in 1994. The products traded by the two countries are ginger, saffron, turmeric, bay leaves, fruits and vegetables, human hair, fishery and forest-based products, medicines, oil-cakes, electronic products, motorbikes, cotton yarn, non-alloy steel, and other construction materials. —Zwe (Translated by Hay Mar)

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