Export entrepreneurs hope for reopening Maungtaw Border Trade Zone as soon as possible

U Aung Myint Thein, chairman of Maungtaw border trade’s merchants association said, “After a series of October 9 armed attack, Maungtaw border trade had been suspended. Goods which needed to be exported essentially were transported during November 14 to November 18 by linking with the neighboring country, but it stopped now due to the current situations. For this, medium- sized merchants faced no disadvantage. For suspending the export of bamboo that is difficult to move from one place to another, it may cause in the long run, losses to reach up to kyats several billion. According to the merchants, bamboos are now beginning to bend down.

Now is the time for exporting prawns, and if they cannot be exported in time, it will affect merchants a lot. If and when the situations are coming stable and peaceful, we will try to reopen the border trade zone promptly.”
There are two border trade zones in Rakhine State— Maungtaw & Sittwe trade zones. Under the current situation, Maungtaw trade zone from which fresh salty-water-prawn, dried fish and bamboos are mainly exported to Bangladesh, is still being closed.

Out of the targeted export amount for the current year— US$ 6 million, the statistics as of month of Mid-November shows that the amount reached US$ 3.620 million, it is learnt.

Source : Global New Light of Myanmar

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