Border Trade with Bangladesh

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Title: Individuals' border trade hits 12 mln USD in 4 months in Myanmar
Description: "Myanmar's total border trade using Individual Trading Cards (ITC) exceeded 18 billion kyats (12 million U.S. dollars) in first four months of current fiscal year (FY) 2019-2020 which started in October, according to figures released by the Ministry of Commerce on Thursday. From October to January this FY, the ministry issued 32 ITCs and export using those cards through border gates earned over 1.78 billion kyats (1.18 million U.S. dollars) while its imports exceeded 17 billion kyats (11.3 million U.S. dollars). During the period, Myawady border gate recorded the highest ITC's trade with 11.3 billion kyats (7.5 million U.S. dollars). The ministry has issued a total of 1,719 ITCs, registering its trade value of over 188 billion kyats (125.3 million U.S. dollars) so far since FY 2012-2013, according to the ministry's figures..."
Creator/author:
Source/publisher: "Xinhua" (China)
Date of publication: 2020-02-13
Date of entry/update: 2020-02-14
Grouping: Individual Documents
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Title: Myanmar earns over 2 bln USD from export in FY 2019-20
Description: "Myanmar earned over 2.28 billion U.S. dollars from export to foreign countries as of Nov. 15 in fiscal year (FY) 2019-2020 which started in October, according to figures from the Commerce Ministry on Wednesday. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries. From Oct. 1 to Nov. 15, manufacturing goods were mainly exported, earning 1.12 billion U.S. dollars' capital, following by minerals with 526.8 million U.S. dollars. This FY's total export increased by over 568.9 million U.S. dollars, compared to the same period of last FY 2018-2019 when it was 1.7 billion U.S. dollars. Meanwhile, the country's total foreign trade reached over 4.59 billion U.S. dollars as of Nov. 15 this FY, with 2.3 billion U.S. dollars' import value..."
Source/publisher: "Xinhua" (China)
Date of publication: 2019-11-27
Date of entry/update: 2019-11-27
Grouping: Individual Documents
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Title: Over 1,100 tons of onion exported to Bangladesh in Oct
Description: "In October, Myanmar exported onion worth nearly 700,000 US dollars to Bangladesh, according to Maungdaw Border Trade Camp. Myanmar exported 180 tons of onion worth 79,950 US dollars to Bangladesh via Maungdaw Border Trade Camp in September and 1,175 tons of onion worth 696,600 US dollars in October. In October, Myanmar exported 319 tons of Rohu worth 294,355 US dollars and 46 tons of dried fishes worth 28,935 US dollars. Thar Tun Sein, an in-charge of the Maungdaw Border Trade Camp said: “We have to ship onion by three vessels a day. Sometimes, we ship onion by five vessels. On November 3, we exported around 75 tons of onion. The export volume is not regular. The onion-loaded trucks arrive in the border trade camp every day. The most export item is onion with more than 1,000 tons.” Currently, Myanmar exports 40 to 80 tons of onion via Maungdaw border trade jetty a day. Despite the arrival of onion at Maungdaw border, the onion price is still high. The price of onion increased from Ks 1,500 in October to Ks over 2,000 per viss in early November. Likewise, Myanmar exports onion via Sittwe Border Trade..."
Source/publisher: "Eleven Media Group" (Myanmar)
Date of publication: 2019-11-05
Date of entry/update: 2019-11-18
Grouping: Individual Documents
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Title: Individuals' border trade totals nearly 40 mln USD in Myanmar in FY 2018-19
Description: "Myanmar's border trade using Individual Trading Cards (ITCs) totaled over 59 billion kyats (39.3 million U.S. dollars) in the fiscal year 2018-2019 which ended in September, according to figures from the Commerce Ministry on Tuesday. During the period, 163 ITCs were permitted by the ministry and its export value through border gates amounted to over 9.38 billion kyats (6.25 million U.S. dollars) while import value was 49.6 billion kyats (33.1 million U.S. dollars). From Oct. 1, 2018 to Sept. 30, 2019, Myawady border gate registered the highest trade using the ITCs with capital of 32 billion kyats (21.3 million U.S. dollars). Since FY 2012-2013, the ministry issued 1,687 ITCs and its total trade value amounted to over 169.2 billion kyats (112.8 million U.S. dollars), the ministry's figures showed. The country is conducting border trade with China, Thailand, Bangladesh and India. Myanmar mainly exports agricultural products, animal products, fisheries, minerals and forest products to foreign countries while capital goods, intermediate goods and consumer goods are imported into the country..."
Creator/author:
Source/publisher: "Xinhua" (China)
Date of publication: 2019-10-15
Date of entry/update: 2019-10-16
Grouping: Individual Documents
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Title: Myanmar festival hampered onion import leading to price hike, Minister Munshi says
Sub-title: Commerce Minister Tipu Munshi has blamed Myanmar’s “apathy” to onion export during a major Buddhist festival for the rise in prices in Bangladesh after a brief fall.
Description: "Tipu told reporters on Monday that the prices in the domestic markets would esse soon as the Buddhists in Myanmar ended the Probarona Purnima celebrations on Sunday. The reporters sought his comments on the issue after a jute ministry event in Dhaka as onion prices have risen in the capital to Tk 95 per kg. Following government efforts such as sale of onion at fair prices on trucks in Dhaka and raids on warehouses to stop stockpiling, the prices fell slightly after crossing Tk 100 a kg by the end of last month when India banned export to control domestic markets. Tipu said: “The prices have increased because import from Myanmar halted for two to three days due to a religious programme of theirs.” He claimed the problem was “temporary”. “Supplies will resume. We will bring it from other places as well,” he said. According to the government, there is no shortage of onion in domestic markets. So, import from Myanmar should not affect the prices, the minister admitted. “The traders are taking advantage,” he said and vowed “tough measures” against them. Bangladesh produces 1.7 million to 1.9 million tonnes of onion annually. It was importing 700,000 tonnes to 1.1 million tonnes to meet the domestic demand. The importers’ top choice was India as the transport cost is low due to the close proximity. When the prices rose again the last time, traders blamed it on rotting of consignments from Myanmar..."
Creator/author:
Source/publisher: "bdnews24.com" (Bangladesh)
Date of publication: 2019-10-15
Date of entry/update: 2019-10-15
Grouping: Individual Documents
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Title: 200 tonnes of onion coming from Myanmar every day
Description: "Bangladeshi traders have started importing 200 tonnes of onions a day from Myanmar through borders in order to arrest the skyrocketing price of the key cooking ingredient in the domestic market. The importers of the pungent vegetable shared the information at a meeting with Commerce Secretary Md Jafar Uddin at the secretariat in Dhaka yesterday. The government gave go ahead to the import of the Burmese variety of onion after India increased the minimum export price and a section of unscrupulous traders raised the prices in the local market. Each kg of onion was found selling at between Tk 60 and Tk 80 yesterday at various kitchen markets in Dhaka. Bangladeshi businesses are also importing onion from other countries, including Turkey, the commerce secretary said in a statement. State-owned Trading Corporation of Bangladesh has started open market sales but the quantity is too small to cool down the domestic prices. The secretary criticised the traders who are trying to make quick bucks by creating an artificial crisis. He urged the businessmen to do business maintaining integrity. The supply of onion will also receive a boost soon once importers start releasing the goods-laden trucks through various land ports along with India, he said..."
Creator/author:
Source/publisher: "The Daily Star" (Bangladesh)
Date of publication: 2019-09-24
Date of entry/update: 2019-09-24
Grouping: Individual Documents
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Title: Individuals' border trade reaches nearly 37 mln USD in Myanmar
Description: "Total trade using Individual Trading Cards (ITCs) through border gates reached over 55 billion kyats (36.7 million U.S. dollars) as of August in present fiscal year 2018-2019, according to the figures released by the Commerce Ministry on Thursday. From Oct.1, 2018 to Aug. 31 this year, Myanmar's export using ITCs via border checkpoints amounted over 8.7 billion kyats (5.8 million U.S. dollars) while its import shared 46.4 billion kyats (30.9 million U.S. dollars). The country is conducting border trade with neighbouring China, Thailand, Bangladesh and India. So far, a total of 1,681 ITCs have been issued by the Commerce Ministry since FY 2012-2013, amounting the trade value of over 165.3 billion kyats (110.3 million U.S. dollars). Myanmar's agricultural products, animal products, fisheries, minerals and forest products are mainly exported to foreign countries while capital goods, intermediate goods and consumer goods are imported into the country..."
Creator/author:
Source/publisher: "Xinhua"
Date of publication: 2019-09-19
Date of entry/update: 2019-09-20
Grouping: Individual Documents
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Title: Arakan Goes Mobile
Description: "Bangladeshi mobile phones flood into Burma?s Arakan State... Burmese junta-backed businessmen strike cross-border deals, and human rights workers can speak directly to witnesses at the scene—Bangladeshi mobile phones are slowly opening up northern Arakan State. Even the much-abused Burmese Muslims of Maungdaw Township are said to be developing a taste for mobile technology. The slow trickle of handsets that first began traveling east over the Bangladesh-Burma border at Teknaf and other crossings 18 months ago has now reportedly turned into a flood. Just don?t tell the local authorities you?ve got one..."
Creator/author: Clive Parker
Source/publisher: "The Irrawaddy" Vol. 14, No. 5
Date of publication: 2006-05-00
Date of entry/update: 2006-12-28
Grouping: Individual Documents
Language: English
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