Trade value with ITC stands at over K17.1 bln

28 January


THE value of border trade using the Individual Trading Card (ITC) amounted to K17.1 billion as of 11 January in this fiscal year (FY), which includes exports of K 3.2 billion and imports of K 13.9 billion, according to statistics provided by the Ministry of Commerce.


Among the border gates, Myawady reported the largest volume of trade, valued at more than K 8.4 billion.


The values of trade via ITCs at border points were: K 1.8 billion at Tamu trade camp, K19 million at Muse, K44 million at Tachilek, K 3.39 million at Lweje, K 673 million at Kanpiketee, K 760 million at Kawthaung, K 87 million at Reed, K 4.9 billion at Mawtaung, and K 279 million at Keng Tung, according to statistics provided by the Ministry of Commerce.


The total trade value with ITCs stood at K 45.94 billion in the 2017-2018 fiscal year.


The Ministry of Commerce issued 292 ITCs in the 2012-2013 FY, 261 cards in the 2013-2014 FY, 317 cards in the 2014-2015 FY, 146 cards in the 2015-2016 FY, 248 cards in the 2016-2017 FY, 168 cards in the 2017-2018 FY, 91 cards between 1 April and 30 September in the interim budget period, and 69 cards between 1 October and 11 January.


The Trade Department created ITCs to boost border trade and has issued, to date, 1,593 ITCs.— Zwe (Translated by Hay Mar)