MoUs Inked to Step up Thailand-Myanmar Cross-Border Trade

​​ Business communities and the governments of Thailand and Myanmar have agreed on bolstering cross-border trade by improving existing channels and developing new routes, and with an emphasis on the exchange of data and a new cross-border SEZ. The Thai delegation, led by Thailand’s Deputy Prime Minister Somkid Jatusripitak, met with State Counsellor Daw Aung […]

Border trade value using Individual Trading Card reaches over US$6.6 billion

The value of trade using the Individual Trading Card (ITC) as of 25th November in this fiscal year 2016-2017 reached over US$6.6 billion, about US$200million higher than that of last fiscal year, according to the Commerce Ministry. During the last fiscal year, the value of trade with ITC at the border gates was over US$6.4billion. […]

Maritime Trade Value Declines While Border Trade Value Increases

The value of trade through normal trade as of 11th November in this fiscal year declined by over US$328.406 million, while value of trade through border area increased by US$ 390.421million, according to the statistics provided by the Commerce Ministry. The value of exports as of 11th November in the current fiscal year was US$4,234.941million […]

Jovago linking with hotels in border areas

Jovago is attempting to expand its network in the border areas of Myanmar because the number of tourists entering Myanmar through border checkpoints has risen dramatically after eVisa allowed foreigners to enter Myanmar through three checkpoints: Tachilek, Myawady and Kawthaung starting from 1st September. The visitors can easily book a hotel online while travelling. Jovago […]

Border trade tops US$3billion, a rise from previous fiscal year

Border trade as of 14th October in this fiscal year 2016-2017 reached over US$3billion, which is higher compared to the similar period of the last fiscal year, it is learnt from the Ministry of Commerce. Border trade value from 1st April to 14th October in this fiscal year fetched US$3,790.3million, which is up from US$3,451.254million […]

Value of trade through Muse border trade camp on the decline

The value of trade through the Muse border trade camp was on the decline as of the end of September, it is learnt from the statistics of Trade Department. The value of trade via Muse as of 23rd September in this fiscal year amounted to US$2,214.732million, whereas in the similar period of last fiscal year […]

Gold smuggling thrives across Myanmar’s borders

The thriving illegal business in gold across Myanmar’s porous borders is likely to continue unchecked until the government legalises trade of the raw material, said traders and industry sources. Industry bodies have asked the Ministry of Commerce to strike the precious metal from its list of restricted goods, saying this would boost government coffers and […]

Phone smuggling booms

Mobile phones smuggling is on the rise and contraband worth around Ks3 billion has been confiscated in the last three years, according to the Prevention and Control of Illegal Trade Central Committee. There were many cases of smuggling across borders or bypassing the customs at Yangon International Airport by using dummy products, it reported. “Nowadays […]

India, Myanmar at odds on Tamu immigration office

Confusion surrounds the status of an apparent agreement between the governments of Myanmar and India over the establishment of a visa-on-arrival system on their common border. While the Indian government appears ready to proceed, the Myanmar side is experiencing delay. India’s consul in Mandalay, N Nandakumar, told The Myanmar Times last week that working-level talks […]