News dalla rete ITA

15 Ottobre 2018

Birmania - Thailandia

TRADE DEFICIT NARROWS DURING APRIL-SEPTEMBER PERIOD

According to the Ministry of Commerce (MOC), Myanmar is facing a trade deficit of $1.3 billion for the period between April-September, the end of 2017-18 and the new 2018-19 fiscal year due to the lagging behind imports.The manufacturing sector is the main contributor of Myanmar exports, especially for garment products. However, agricultural export is dropping down this year compared to the same period last year. As a result, the country’s trade deficit for the period was $500 million less than the previous corresponding period.In consonance with U Yan Naing Tun, director general of the Department of Trade, this deficit is necessary as Myanmar is now promoting investment opportunities to draw foreign investors into the country.Meanwhile, trade volumes could rise further in 2018-19 now that the MOC has permitted active trading of gold and opened up wholesale and retail trading to foreigners. (ICE BANGKOK)


Fonte notizia: Myanmar Times