News dalla rete ITA

29 Agosto 2018

Birmania - Thailandia

PRIORITISING ESSENTIAL IMPORTS ONE WAY TO BETTER MANAGE TRADE DEFICIT: VP

According to the Vice President of the Republic of Union of Myanmar, traders should exercise more discipline when importing items that are non-essential to the Myanmar economy, as this could help prevent the budget deficit from widening beyond necessary.U Than Myint, minister of the MOC, said his ministry will focus on export promotion and import substitution to prevent the trade deficit from widening beyond expected. According to the Ministry of Commerce (MOC), trade volumes from April 1 to August 18 totalled US$ 13.7 billion with exports totalling $6.3 billion and imports totalling $7.4 billion during the period, taking the trade deficit to around $1 billion for the period.In 2017-18, the trade deficit was K4.1 trillion, according to official data. That’s expected to widen to K4.9 trillion, or around 5percent of Myanmar’s GDP, in 2018-19. (ICE BANGKOK)


Fonte notizia: The Myanmar Times