Announcements

Job Offers

Specials more

Top 5 -yesterday

Top 5 -last week

Top 5 -last month

Closing of borders between Myanmar and China greatly affected the import and export trade

According to news from the Shan State border in Myanmar, from October 6th, Chinshwehaw-Gengma Mengding Port has suspended border trade operations. During the port closure period, any border trade-related import and export work is prohibited except for epidemic-prevention medicines and equipment. The Chinshwehaw Port was opened on October 29, 2003. From 2020 to October 1, 2021, the import and export trade volume were USD 4593.9 million, a decrease of USD 76.424 million compared with the same period in previous years.

From July 8 this year, the Golden Triangle Port in Muse, Wanding Port, and other ports closed due to epidemic prevention and control. During this period, only the Chinshwehaw Port had normal border trade operations. After the closure of Chinshwehaw Port, all the frontier trade of land borders between Myanmar and China are closed.

Within 10 and a half months of the current fiscal year, the border trade volume between Myanmar and China reached more than US$4.5 billion, a decrease of more than US$788 million from last year. As an important border trade zone on the Myanmar-China border, the Muse Border Trade Zone, the trade volume has dropped by more than US$820 million from last year. The Myanmar-Thailand border trade zone reached more than 3.5 billion U.S. dollars, a decrease of 250 million U.S. dollars from the same period last year. But as the most important border trade zone between Myanmar and Thailand-Myawaddy Border Trade Zone, the trade volume has increased by more than 560 million U.S. dollars over last year.

Source: www.md-zw.com


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


Facebook Twitter LinkedIn Instagram Rss

© FreshPlaza.com 2021

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber