THE value of border trade using the Individual Trading Card (ITC) amounted to K17.1 billion as of 11 January in this fiscal year (FY), which includes exports of K 3.2 billion and imports of K 13.9 billion, according to statistics provided by the Ministry of Commerce.
Among the border gates, Myawady reported the largest volume of trade, valued at more than K 8.4 billion.
The values of trade via ITCs at border points were: K 1.8 billion at Tamu trade camp, K19 million at Muse, K44 million at Tachilek, K 3.39 million at Lweje, K 673 million at Kanpiketee, K 760 million at Kawthaung, K 87 million at Reed, K 4.9 billion at Mawtaung, and K 279 million at Keng Tung, according to statistics provided by the Ministry of Commerce.
The total trade value with ITCs stood at K 45.94 billion in the 2017-2018 fiscal year.
The Ministry of Commerce issued 292 ITCs in the 2012-2013 FY, 261 cards in the 2013-2014 FY, 317 cards in the 2014-2015 FY, 146 cards in the 2015-2016 FY, 248 cards in the 2016-2017 FY, 168 cards in the 2017-2018 FY, 91 cards between 1 April and 30 September in the interim budget period, and 69 cards between 1 October and 11 January.
The Trade Department created ITCs to boost border trade and has issued, to date, 1,593 ITCs.— Zwe (Translated by Hay Mar)