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Rise in Myanmar-India border trade in 2018-19

01
Oct '19
Pic: Shutterstock
Pic: Shutterstock
Border trade between Myanmar and India reached $194.6 million as of September 13 in this fiscal ending September—an increase of $57 million over the figure during the same period of the previous fiscal, according to the former’s commerce ministry. Myanmar’s exports to India were worth $171.3 million and its imports were worth $23.3 million.

The two countries engage in border trade primarily through Tamu, Reed and Thantlang trade camps, while a major part of bilateral trade are delivered through ships.

Myanmar mainly exports fruits and vegetable, fishery and forestry products to India, while importing medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials.

Myanmar's border trade with its four neighbours—China, India, Thailand and Bangladesh—totalled $9.6 billion—$6.7 billion in exports and $2.9 million in imports, a news wire reported.

Fibre2Fashion News Desk (DS)


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