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Legal businesses boost trade
Published on Wednesday, 02 January 2013 13:24
Trucks seen on Myawady Friendship Bridge at the Myanmar-Thailand border//Photo - Ko Shwe Thein (Myawady)
Myawady border trade zone near Myanmar-Thailand border was reopened on Dec 5, 2011 after it temporarily closed for 17 months.
Trade between Myanmar and Thailand in December 2011 was about US$2 million, but the total trade amount between the two countries as of Dec 18, 2012 was at US$22 million. Sources accounted the increase to legalised businesses.
Although thousands of trucks and pick-ups travelled along the Myawady-Dawna trade route near Myanmar-Thailand border daily in the past, now only licensed vehicles are allowed.
Importing fuel has also increased in addition to consumer goods from the border of Myawady.
Fuel imported from the Myawady border amounted to over 90,000 liters in April, over one million liters in October and over 26 million liters in December with local requirement, according to Myawady border trade center.
Ethnic groups that made peace with the government formed companies and imported fuel legally.