The government is striving for increasing trade volume through the border and maritime trade routes.
The government allows the use of currencies such as dollar, yuan, rupee, baht and Myanmar kyat for exportation in border checkpoints of Muse, Lwejel, Myawady, Tachilek, Kawthoung, Myeik and Tamu.
Thanks to easing restrictions on the use of currencies, Myanmar and counterpart businesspersons can smoothly operate their business processes. Consequently, it contributes much towards ensuring the smooth and swift flow of commodities on both sides. Hence, consumers will have the rights of choosing the goods they like.
As a result, these border trade points in Myanmar handled total export volume worth K725,755.88 million and US$6,183.14 million within a year.
At the same time, Muse, Lwejel, Myawady, Tachilek, Kawthoung, Myeik and Tamu border trade zones and camps are allowed to use the dollar, yuan, rupee, baht and kyat in import of goods.
Myanmar imports various kinds of goods worth more than US$884 million from China, that of over US$273 million from Singapore and that of more than US$262 million from Thailand up to November 2020 of the 2020-21 fiscal year.
However, Myanmar’s trade volume through the border trade route was valued at US$5.6 billion from 1 October 2020 to 2 April 2021 of the 2020-21 fiscal year, in comparison with US$5.864 billion in the same period of the previous fiscal year.
Both government organizations and the private sector should emphasize manufacturing quality products such as value-added products to be exported to neighbours for booming the economy. Meanwhile, efforts must be made for surging this fiscal year’s export volume, rather than the previous fiscal year.
Entrepreneurs need to have an economic outlook in operating their businesses for serving the interests of the State and the people. Ministerial officials need to clarify the interests of the State and the people on the running of companies with loans, cash assistance, and foreign investments whenever they meet with relevant countries and organizations in discussions.
In fact, the government, the businesspersons and the consumers are responsible for increasing export volume of the State and decreasing prices of commodities depending on rationality in all aspects.
In fact, the government, the businesspersons and the consumers are responsible for increasing export volume of the State and decreasing prices of commodities depending on rationality in all aspects.
