Trade flourishes at Muse checkpoint

Trade flow at the Muse border hub is thriving, with large exports of rice and corn to China, according to checkpoint officials.

Between 140 and 180 rice trucks and between 120 and 170 corn trucks pass through the border gate at Muse every day.

However, fruit exports are in decline as the season has ended.

“As the situation at Chinshwehal is uncertain, the trucks are using the Muse route for the time being. This year’s exports are likely to exceed last year’s sum,” said a border official.

Chinshwehal is a town on the China-Myanmar border that experienced 5.2 Richter scale earthquake on Sunday.

Export earnings totalled approximately US$178 million between April 1 and May 12, and import spending totalled over $186 million. During the same period last year, these figures were $113 million and $160 million, respectively.

While Myanmar traders have obtained official licenses for exporting, Chinese traders are often arrested for not having licenses.

Source: Eleven Media

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19


Looking for foreign investors to invest in your business in Myanmar