ZCZC
BCN-24
MYANMAR-INDIA-BORDER-TRADE
Myanmar-India border trade hit over 60 mln USD in 4 months
YANGON, Aug. 26, 2018 (BSS/Xinhua) – Border trade between Myanmar and
India has reached over 61.2 million U.S. dollars as of Aug. 17 during the
six-month transitional period which started in April this year, the figures
from the Commerce Ministry showed on Saturday.
The country has changed its fiscal year period from original April-March
to October-September beginning 2018-2019, producing a six-month transitional
gap.
During the period, the country’s export to India via border gates amounted
to 54 million U.S. dollars while its import shared only 7.2 million U.S.
dollars.
The total border trade between the two countries increased by 35.2 million
U.S. dollars compared to the same period in last fiscal year 2017-2018 while
it showed 26 million U.S. dollars.
The country mainly conducts trade with India through Tamu and Reed border
gates.
From April to Aug. 17, Myanmar’s border trade with foreign countries
totaled over 3.1 billion U.S. dollars , with an increase by 457 million U.S.
dollars compared to the same period of last FY 2017-18, according to the
figures from the ministry.
BSS/XINHUA/HR/1455