IN his capacity as Chairman of the Central Committee on Ensuring the Smooth Flow of Trade and Goods, State Administration Council Member Deputy Prime Minister Union Minister for Transport and Communications General Mya Tun Oo attended the 4/2024 meeting of the central committee in Nay Pyi Taw yesterday.
Speaking at the event, the Deputy Prime Minister said the central committee is currently working hard to facilitate the export and import to exceed the target, logistics with container system via the Myanmar-Thai border (Yangon-Kawthoung-Ranong) shipping route, fast unloading system of containers, entry of export incomes in time, distribution processes of fuels, seizers of illegal fuel and fuel distribution, and CMP sector.
He continued that the export volumes exceeded the import volumes and so the country received Trade Surplus. Meanwhile, the CMP sector showed a decline when compared with the same period, so the relevant departments should make efforts to promote the export sector. The ministries concerned and UMFCCI, MRF and brother associations should cooperate to exceed the export volume target. The penetration of new markets for export items can increase export volumes, allowing the country to earn more foreign income.
He then mentioned the container shipping system via the Yangon-Kawthoung-Ranong and Ranong-Kawthoung-Yangon route with border trade method initiated at Myanmar Industrial Port (MIP) and the Myanmar Terminal (TMT) in June 2024, US$59.996 million worth of export volume until October 2024 and 1767.829 tonnes of freshwater fish in 17 container vessels starting March 2024 via Aungmingala jetty.
Moreover, a total of 2,799 containers were issued at bonded terminals following warehouse procedures of the Customs Department from March to November, whereas 191,387 containers at jetty and inland container depots between March and October.
The officials should discuss with the companies that remained to deposit export incomes to support their difficulties, and actions should be taken against companies that did not make contact or that failed to deposit after signing a pledge per the procedures of the relevant departments.
He also added that a total of 432,675 tonnes of diesel and petrol worth $337.63 million were imported in October to meet the country’s needs, 454 tonnes of illegal fuel were seized and actions were taken under the law. Education programmes should be also conducted to prevent fire on oil tankers.
He then urged the attendees to stabilize the market and price of palm oil while a direct distribution system to wholesale and retail shops was conducted on 3 June 2024 and highlighted the efforts to promote the CMP sector.
Afterwards, attendees coordinated the discussion and General Mya Tun Oo concluded the meeting. — MNA/KTZH
