Thailand and Burma Set Sights on Boosting Bilateral Trade

On the heels of the launch of the Asean Economic Community in January, Burma and neighboring Thailand are making plans for a multi-billion dollar trade boost next year. Thailand is second only to China as Burma’s largest trading partner, and both countries are hopeful that they can make strides toward growing total trade volume by […]

Trade deficit sees ‘record high’ at US$ 2.65 Bn

Myanmar’s trade deficit has seen a new record high at US$ 2.65 billion because of stronger imports in the recent fiscal year 2013-14, according to the Ministry of Commerce. The statistics show a several-time increase of the trade deficit since 2012-13, which was just over US$ 91 million. Nevertheless, the total trade volume rose from […]

Burmese-Thai Border Trade Increases Through Myawaddy

MYAWADDY, Karen State — The volume of trade through the busiest crossing on Burma’s border with Thailand is rising, according to the Karen State chief Minister, who predicted an increasing flow of goods as cross-border links improve. Officials at an Asean Economic Community forum at the border town of Myawaddy on Friday said that total […]

Trade volume hit US$21 bn one month ahead of budget closing

Latest release of the Ministry of Commerce shows that the total trade volume of Myanmar has reached over US$21.33 billion as at February 7. The figure indicates that Myanmar needs to strive for another US$3.7 billion trade in the remaining one and a half months to meet its target of US$25 billion by the budget […]

Myanmar’s trade volume nearly hit US$16bn

Myanmar’s total trade volume has nearly hit US$16 billion in the first nine months of fiscal year 2013-14, according to the Ministry of Commerce. The trade volume reached US$15.92 billion between April 1 and December 6, which is US$3.65 billion up from the same period last year. The government has targeted US$25 billion for the […]

Tax-free markets to emerge at Myanmar-India border region

Tax-free markets will emerge along Myanmar and India border area aimed at developing border regions and alleviating poverty, official media reported Thursday. A preliminary agreement has reached between Chin State government and India to open tax-free markets, said the New Light of Myanmar. Tax-free markets will be opened in nine places at border regions between […]