Myanmar-Bangladesh’s growing trade and business ties in 2022 Year

KATHMANDU 

According to reports of pro-government media outlet of Myanmar, Global New light of Myanmar, Myanmar’s export has been surpassing imports in the cross-border trade with Bangladesh and 8,620.7 tonnes of exports to Bangladesh was estimated at US$10.733 million between April and October in the 2022-2023 financial year. Myanmar’s fishery export accounted for 65 per cent and dried groceries constituted 35 per cent in Myanmar’s two border posts with Bangladesh; Sittway and Maungtaw border posts. The fishery products include farmed rohu, hilsa, mackerel, dried anchovy and dried fish powder. Tamarind, onion, ginger, dried jujube powder, jaggery, longyi and clothes are also exported.

The values of fishery products to Bangladesh via two border posts stood at $6.318 million (7,093.413 tonnes) in the 2019-2020FY, $4.76 million (5,010.7 tonnes) in the 2020-2021FY and $13.987 million (11,362.97 tonnes) in the 2021-2022 six-month mini-budget period (October-March). ‘Bangladesh increasingly purchases locally farmed rohu. Myanmar’s border trade with Bangladesh sees a trade surplus. The import is extremely less. The traders called for a legitimate trade of cattle as well. There are many steps to do if that normal trade can generate revenue for the two countries and curb inflation in border areas.

Myanmar’s border export with Bangladesh amounted to $10.733 million in the past seven months this FY. The surplus of trade can increase the interest of the entrepreneurs, fish farmer