Thailand-Myanmar border trade via Mae Sot reaches 44 billion THB

Thursday, October 10, 2013 10:14

The Customs Office in Thailand’s Tak province has reported that bordertrade between Thailand and Myanmar via the Mae Sot-Myawaddyborder crossing reached 44 billion THB in the 2013 fiscal year, up 25percent year-on-year.

The figure is expected to jump to 50 billion THB in the 2014 fiscal year.

Factors contributing to the rise include Myanmar's opening to theworld, improved transport links and relaxation of trade regulations.

The office noted that both parties have expressed support forincreased border trade ahead of the formation of the ASEAN EconomicCommunity.

The Thai government is planning toestablish special economic zones in Mae Sot district of Tak and Mae Saidistrict of Chiang Rai in a bid to further accelerate trade withMyanmar.-VNA

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