Myanmar's border trade with Thailand just 11% of total

business September 17, 2014 19:12

By Myanmar Eleven

Border trade with Thailand accounted for about 11 per cent of total border trade of Myanmar in the first five months of this fiscal year, according to the Ministry of Commerce.



 
Total trade via the seven border checkpoints with Thailand reached was US$277 million from April 1 to the end of August, while total border trade was $2.458 billion, the ministry said.
Myanmar has a total of 15 trade checkpoints along its borders with Thailand, China, India and Bangladesh.  The seven border checkpoints with Thailand are: Tachileik, Kengtung, Myawaddy, Kawthaung, Myeik, Nabulal/Htee Khee and Mawtaung.
Three – Myawaddy, Tachileik and Kawthaung – handle the lion’s share of trade. Myawaddy saw $127 million worth of trade in the five-month period; Tachileik saw $42 million and Kawthaung $42 million. 
Myanmar has signed border-trade agreements with India, Thailand, China and Bangladesh and plans to open more trade checkpoints in geographically strategic areas.