Maw Taung Trade post will be opened officially at the border city Maung Taung, Tanintharyi Township once the agreement between Myanmar and Thailand has been reached

Once the agreement between Myanmar and Thailand has been reached, Maw Taung border trade post will be officially opened at the border city Maung Taung, Tanintharyi Township. The new trade post will promote trade between the two countries.

The two countries are currently having discussions about the matter at the meetings for the Myanmar-Thailand Border Trade Joint Committee and Myanmar-Thailand Joint Commission as well as a high official meeting.

“Maw Taung Border Trade Post is next to Prachuap Khiri Khan Province. The border trade post was opened in May 2013 as a temporary check point, and currently operates with 28 staff members,” said U Aung Htoo, Deputy Minister of the Ministry of Commerce.

Through the temporary check point at the Maw Taung Border Trade Post, the two countries traded $2.5 million in the 2015-2016 Fiscal Year and $13 million from October 2018 to May 3, 2018.

Along Myanmar’s boarders there are seventeen trade posts including Maw Taung, the posts are all actively trading with neighboring countries.

According to the data from the Ministry of Commerce, the volume of trade through the border gates hit $4.8 billion as of March 29, 2019 for the current fiscal year. During the period, Myanmar’s foreign trade reached $17 billion in total, maritime trade amounted to $12 billion accounting for the majority of Myanmar trade.

Myanmar is trying to push border trade by improving border areas, one method to improve cross border trade is by building border economic zones. There are talks to build economic zones in Kapaniktee in Kachin state, Mu-se in Chin State and Shwe Haw in Shan State. Efforts are being made to designate Mu-se Economic Zone as a priority zone.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/maw-taung-trade-post-be-opened-thai-myanmar-border )

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