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Myanmar-India border trade up by $111.94 mln as of 2 July

File photo shows Myanmar India friendship bridge between Myanmar and India. Photo IPRD NS

File photo shows Myanmar - India friendship bridge between Myanmar and India. Photo IPRD

The value of border trade between Myanmar and India climbed up to US$193.2 million between 1 October and 2 July of the current financial year 2020-2021 although India stepped up the border security. The figures reflected an increase of $111.94 million as against a-year ago period.
India tightened the border control in wake of the coronavirus pandemic, and the traders suffered the negative impact of the outbreak. The cross-border trade between Myanmar and India has become sluggish.
Myanmar conducts border trade with neighboring India through Tamu, Reed, and Thantlang border posts.
Over the past nine months, trade values were registered at over $32.39 million via Tamu border and $160.8 million via Reed. There was no trade recorded at the Thantlang post.
Myanmar conveys mung beans, pigeon peas, green grams, areca nuts, ginger, saffron, turmeric, bay leaves, fishery products, fruits, and vegetables to India, while it imports pharmaceuticals, oil cakes, electronic appliances, motorbikes, steel and other construction machines and building materials from the neighboring country.—KK/GNLM

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