Apr 22, 2015

Muse trade booms

Exports from April 2014 to March 31 this year through the Muse border exceeded US$3.6 billion, up more than US$1 billion from the previous year, according to Consumer Affairs Department under the Commerce Ministry.

Last year’s exports were US$2.2 billion, mainly from agricultural produce.

A total of 99 warehouses, 59 for exports and 40 for imports, have been built at Muse 105th-mile trade camp.

Myanmar Rice Federation is planning to build more warehouses in Muse to increase its storage capacity.

Muse, Loigyae, Chin Shwe Haw and Kanpiketi border camps are open for official trade. Muse sees more than 70 per cent of Myanmar’s legal exports to China. Trade for the 2014-15 fiscal year totals US$5.2 billion, with exports of US$3.6 billion and imports of US$1.6 billion.

Source: Eleven Weekly Media