New Sittwe port proposed to facilitate Myanmarbangladesh trade
To facilitate trade in Rakhine State, U Tin Aung Oo, chair of Rakhine State Federation of Chamber of Commerce and Industries, proposed the construction of a new port in Sittwe during a meeting with the vice president. He said the port, which should be able to handle vessels of up to 20,000 tonnes, could be constructed under a Public Private Partnership (PPP). The proposal was met with approval from the government. The Sittwe port is the main port handling goods traded between Myanmar and Bangladesh. Over the past five years, goods exported to Bangladesh have doubled to 20,000 tonnes. Port capacity at Sittwe however, has not increased to handle the higher volumes.