Myawady border trade volume earned USD $ 261 million during 1 April - 20 July 2018, which is an increase from USD $ 243 million during the same period of last year

7 Aug 2018
Myawady border trade volume earned USD $ 261 million during 1 April - 20 July 2018, which is an increase from USD $ 243 million during the same period of last year

Myanmar has earned US$261 million from Myawady border trade center with Thailand until July 20 of this fiscal year even though trucks loaded with consumer goods from Thailand are struggled to cross Gyaing suspension bridge amidst heavy rain, according to Ministry of Commerce.

Myawady border trade center, which is the biggest trade center among border trade centers with neighbouring Thailand, earned US$243 million in the same period of last fiscal year from April 1 to July 20.

The border trade volume declined after floods occurred in Kayin State from second week of July. It declined more in last week of July as trucks waited for water to recede, said a government employee from a border trade center.

A truck driver said, “I have been waited for more than ten days and I am worried about the increase of basic commodities prices. Some are carrying goods, which are easily to be decayed, using smaller cars.”

Water level has not decreased nearby of the Gyaing suspension bridge and hundreds of trucks are waiting to cross the bridge until August 4.

The road approaching the bridge has covered with five-foot depth of water making the transaction stopped.

 

 

(Eleven Media Group: http://elevenmyanmar.com/business/14488 )

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