NAYPYITAW, 26 November 2021, (TON): According to merchants based in the Shan State-China border town of Muse “border trade is scheduled to start up again under a new set of restrictions.”
The Kyin San Kyawt gate, one of the five major trading gates in Muse’s 105 Mile Trade Zone, is scheduled to reopen after being closed since July 8, vice chair of the Muse Fruit Wholesale Centre Sai Khin Maung told media.
No date has been given regarding the opening of the other four gates, which have been closed since April 2020. Exports at the overland trade route have plummeted by more than $534m as a result of the shutdown.
Five shipping containers from Myanmar and five from China will initially be exchanged through the Kyin San Kyawt gate to signify the restart of trade.
More than 2,000 trucks carrying such dried goods had been stranded in Muse while the borders were closed; the five designated shipping containers will deliver these goods that had been stored in Myanmar to China.
yanmar has typically exported agricultural products such as rice, beans and fruit to China through overland routes, and imported medicine, electronics and construction materials.
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.