11 Nov
BORDER trade between Myanmar and India reached US$7.35 million by 1 November in the current fiscal year 2019-2020, according to the Ministry of Commerce. The value of border trade during the period declined by $4.6 million, compared with the same period in the previous fiscal year. Last year, the value of border trade was $11.9 million.
The bilateral border trade, as of 1 November this FY, included $6.99 million in exports and $0.36 million in imports.
The two countries carry out border trade mainly through Tamu, Rhi, Htan Ta Lan and Kenglap cross-border trade camps, while a major part of bilateral trade is delivered via ships. Myanmar mainly exports fruits and vegetables, as well as fishery and forestry products to India, while importing medicines, electronic products, motorbikes, cotton yarn, non-al-loy steel and other construction materials. Myanmar's border trade with four neighboring countries, China, India, Thailand and Bangladesh, totalled $881 million, consisting of $631 million in exports and $268 million in imports.—Zwe (Translated by Hay Mar)
