THE border trade through the major crossing Myawady between Myanmar and Thailand soared to US$814.5 million as of 28 January in the current mini-budget period (October 2021-March 2022), reflecting a significant increase of $447.46 million as against the year-ago period.

The trade through the Myawady border stood at over $367 million in the corresponding period of the last FY2020- 2021.

Myawady-Mae Sot border trade remains normal amid the COVID-19 negative impacts, according to the Myawady Chamber of Commerce.

Myanmar ships tonnes of corn to Thailand through the Myawady border. Thailand gives the green light to corn imports through Mae Sot under zero tariff (with Form-D), between 1 February and 31 August. Myanmar exported approximately 1.6 million tonnes of corn that were delivered to Thailand in the FY2020-2021.

Next, Thailand is suppressing Intellectual Property infringements at cross-border points to strengthen the trust with the trading partners and create a better investment climate. There are seven border posts between Myanmar and Thailand, Tachilek, Myawady, Kawthoung, Hteekhee, Myeik, Mawtaung and Meisei. The majority of the border trade with Thailand is conducted via Myawady.

Myanmar primarily exports corn, natural gas, fishery products, coal, tin concentrate (SN 71.58 per cent), coconut (fresh and dry), beans, and bamboo shoots to Thailand. It imports capital goods such as machinery, raw industrial goods such as cement and fertilizers, consumer goods such as cosmetics and food products from the neighbouring country.

KK/GNLM

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