Myawady border trade zone seen in October 2012 (Photo-EMG)
Myanmar’s official border trade volumes
have reached around US$2 billion within seven months this financial year
while monthly illegal trade is getting about hundreds of millions of
dollars, the Border Trade Department says.
This year’s border trade is estimated to
remain the same as that of the previous year due to the violence in
Rakhine and Kachin states.
The reason behind the continued surge in
border trade is because of the government’s crackdown on illegal border
trade and issuance of licenses within a day.
The trade volumes from April to October are nearly US$2billion.
The trade via Muse Border Trade Camp
alone was worth US$1.5bn while that of Myawady Border Trade Camp
amounted to US$80 million, according to the department’s sources.
Myanmar has border trade activities with
China, Thailand, Bangladesh and India. Among them, China and Thailand
are its largest partners in both legal and illegal trade.
Illegally exported goods from those two
countries are machine oil, edible oil, foodstuff, electrical appliances
and household things. They illegally import timber, jade, minerals and
gems and jewelries from Myanmar.
Myanmar’s fuel demand has increased
sharply because Myanmar imported more cars this year. The legal import
of machine oil, however, has decreased this year compared with the
previous, prompting authorities to expose smugglers.
Source elevenmyanmar
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