Myanmar-Thai trade up over 50pc in FY '07
Xinhua, Yangon
Bilateral trade between Myanmar and Thailand increased by about 51 percent to 2.4 billion US dollars in the just-ended fiscal year of 2006-07 (April-March) compared with the previous fiscal year the local English-language Myanmar Times reported Monday.With Myanmar enjoying a trade surplus of 1.9 billion dollars, the Myanmar-Thai bilateral trade accounted for 30 percent of Myanmar's total foreign trade, the weekly quoted an official of the Ministry of Commerce as saying. Thailand remained as Myanmar's top trading partner for 2006-07, in which Myanmar's foreign trade reached 7.4 billion dollars, the report added. In the fiscal year 2005-06, Myanmar-Thai bilateral trade, which includes the border trade, amounted to 1.596 billion dollars with Myanmar's import from Thailand taking up 237 million dollars and its export to Thailand representing 1.359 billion dollars, according to official figures. Meanwhile, Myanmar is building a border trade zone in Myawaddy, which links Thailand's Maesot, as part of its process of transforming border trade system into normal trade one. The Myawaddy border trade zone stands as the second largest one of its kind after the Muse 105th Mile Border Trade Zone bordering China's Ruili in Yunnan province.
| 
