In­di­vid­u­als' bor­der trade reaches over $23 mln in mid-FY 2018-19 in Myan­mar

Mizzima Business Weekly - - CONTENTS -

Myan­mar's bor­der trade us­ing In­di­vid­ual Trad­ing Cards (ITCs) reached over 34.77 bil­lion ky­ats ($23.18 mil­lion) over the first half of present fis­cal year 2018-2019, ac­cord­ing to Myan­mar's Com­merce Min­istry last week.

From Oct. 1, 2018 to April 5 this year, the coun­try's ex­port through bor­der check­points us­ing ITCs amounted to 4.97 bil­lion ky­ats ($3.31 mil­lion) while its im­port shared 29.8 bil­lion ky­ats (19.87 mil­lion US dol­lars).

Of 20 check­points at where Myan­mar mainly con­ducts bor­der trade, Myawady bor­der gate topped the list with trade value of 18.6 bil­lion ky­ats ($12.4 mil­lion) and 114 ITCs were is­sued dur­ing the pe­riod.

The Com­merce Min­istry has is­sued a to­tal of 1,638 ITCs so far since FY 2012-2013. The coun­try's bor­der trade us­ing ITCs to­talled over 22.5 bil­lion ky­ats ($15 mil­lion) dur­ing the six-month mini-bud­get or tran­si­tional pe­riod in 2018.

The coun­try mainly ex­ports agri­cul­tural prod­ucts, an­i­mal prod­ucts, fish­eries, min­er­als and forest prod­ucts to neigh­bour­ing coun­tries while cap­i­tal goods, in­ter­me­di­ate goods and con­sumer goods are im­ported into the coun­try.

Bor­der cross­ing. Photo: Mizzima

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