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Border trade increases by $196 million

Between 1 April and 25 May in this fiscal year, the value of border trade reached US$ 1.165 billion, recording an increase of $196 million compared to the same period in the last FY, state media reported quoting figures recently released by the Commerce Ministry. The total value of border trade, as of 25 May […]

Myanmar diesel imports rise as rice exports improve

Myanmar’s trade deficit has widened on the back of fluctuations in commodity prices, illegal trade and a weaker currency. In 2016-17, the trade deficit amounted to over US$5.5 billion, up from US$5.4 billion in 2015-16 and US$4.9 billion in 2014-15, according to the statistics released by the Central Statistical Organisation. Among the country’s imports is […]

China Calls for Giant Trade Zone at Muse

​​ China has urgently proposed a Shweli-Muse border economic cooperation zone to promote trade, reported the Ministry of Commerce. Construction plans would be made and aims and objectives quickly established, it said. The ministry had agreed to the plan, assistant secretary Khin Maung Lwin of the Ministry of Commerce said. “Both sides submitted proposals to form organisations. The proposals […]

Myanmar Exports More than 900,000 Tonnes of Rice and Broken Rice to December

​​ Myanmar has exported more than 900,000 tons of rice and broken rice for the year until the end of December, reported the Ministry of Commerce. “We already exported more than 900,000 tons of rice and broken rice. It is a good sign for the country,” Yan Naing Tun, the director-general of the Trade Department […]