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- Border trade resumes in Rakhine State after "Mahasen"
Rakhine resumes border trade
Published on Tuesday, 11 September 2012 20:20
Photo shows Sittway border trade point seen in early September, Photo - Than Hlaing (Sittway)
Trade in the Sittway and Maungtaw borders has now resumed following recent clashes in Rakhine, it was learned.
Although the trade through the Sittway border resumed last month, that in Maungdaw resumed only this month.
Traders have earlier stopped going to the border due to the violence.
Trade in the Rakhine border reached over US$2 million within two months. While Maungdaw has resumed trade with Bangladesh, the latter has yet to resume exporting to the country. Bangladesh exports to Sittway totaled $15,000 for a two- month period. Export volume for the Sittway border trade center reached $2.068 million, merchants said.
Meanwhile, China’s trade to the Kanpaikte border in Kachin was minimal due to a collapsed bridge.
Business has been slow in Lwejel, another major trade center, due to unstable security.
The Ministry of Commerce said licenses have been issued but merchants are reluctant to resume business.