Tuesday, January 8, 2013

Thai-Burmese border trade up 25%

Tuesday, 08 January 2013 12:40 Khin Myo Thwe

Passengers ride on three-wheel vehicles at a market area in Myawaddy, Burma, in this file photo. Thai and Burmese goods move daily over the Friendship Bridge linking the two countries. Photo: AFP

Cross-border trading—which accounts for 85% of Burma-Thailand total bilateral trade—increased by 25% last year, according to an official from the Burmese Ministry of Commerce.

“In 2011, Thai-Myanmar bilateral trade stood at US $6.1 billion,” he said. “Some 85% of that is cross-border trade.”

He reaffirmed that the two countries intend to triple bilateral trade by 2015.

According to records from Burma’s Department of Border Trade, in the fiscal year 2011-12, bilateral trade at the Tachilek border reached nearly $46 million; Myawaddy $24.5 million; Kawthaung  $122 million; and Myeik border trade was $135 million.
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