maritime-trade

Maritime trade plunges by 25 per cent as of 18 June

The value of Myanmar’s maritime trade over the past eight and a half months (1 Oct-18 June) of the current financial year 2020-2021 sank to US$14 billion, which is a 25 per cent drop compared with the same corresponding period of last year. The figures plunged from $18.9 billion during the year-ago period, according to the Ministry of Commerce. While maritime exports are valued at $5.8 billion, imports have registered at $8.243 billion. Compared to the same period in the 2019-2020 financial year, imports fell by $3.59 billion, while exports have registered a decrease of $1.29 billion.

The maritime trade fell by $4.89 billion as of 18 June as against last year. Meanwhile, the value of trade through the border this FY was estimated at $7.43 billion, a decrease of $806 million as against a year-ago period. Myanmar witnessed a slump in exports and imports triggered by the coronavirus pandemic. Both sea trade and border trade dropped amid the coronavirus impacts and the political changes. For maritime trade, disruption in the logistic sector and cargo shipping crisis triggered by the COVID-19 impacts scaled-down the maritime trade somehow.

The country’s total external trade over the past eight months touched a low of $21.48 billion, which plunged from $27 billion recorded in a year-ago period. Myanmar’s sea trade generated $26 billion out of an overall trade value of $36 billion in the last FY2019-2020, the Ministry of Commerce’s statistics indicated. Myanmar exports agricultural products, fishery products, minerals, livestock, forest products, finished industrial goods, and other products while it imports capital goods, consumer goods, and raw industrial materials. The country currently has nine ports involved in sea trade. Yangon Port is the main gateway for Myanmar’s maritime trade. It includes the Yangon inner terminals and the outer Thilawa Port.

Source: The Global New Light of Myanmar

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Muse border trade drops by half in June

Muse border trade fell by half in June this year as against last year, said U Min Thein, vicechair of Muse Rice Wholesale Centre. After the detection of the coronavirus cases in the Sino-Myanmar border areas, Man Wein, a major border crossing between Muse and Kyalgaung areas, came to an abrupt halt on 30 March, the vice-chair of Muse Rice Wholesale Centre said. Traders have to send goods, including rice and broken rice, various pulses and beans, fishery products, onion, chilli and other export items to China via the Kyinsankyawt checkpoint due to the closure of the Man Wein post.

The freight transport through Mandalay-Muse route to China takes at least a month, causing delay and heavy traffic congestion. Consequently, the trade dropped 50 per cent in June 2021 compared to the same corresponding period of last year. The Man Wein border closure is possibly to be extended even after three months shutdown, Muse Rice Wholesale Centre stated.

Additionally, Man Wein border post is not available for now according to the negotiation with Shweli’s Foreign Affairs Department. The border post will resume the trade only after drawing up a detailed project report, the Trade Department (Muse 105th mile trade zone) stated. Once Chinese authorities notify the Trade Department of the reopening of the border post, the traders will be apprised of this. At present, Myanmar conducts border trade with China via five posts; Muse, Lwejel, Chinshwehaw, Kampaiti and Kengtung. Of them, Muse border post performed the best.

Source: The Global New Light of Myanmar

Covid-travel

Effective period for temporary measures to prevent importation of COVID-19 to Myanmar through air travel extended until 31 July 2021

The effective period for the Temporary Measures to Prevent Importation of COVID-19 to Myanmar through Air Travel issued on 29 March 2020 by the Ministry of Health and Sports was extended up to 30 June 2021, 23:59 hours of Myanmar Standard Time, in line with the approval of the Central Committee on Prevention, Control and Treatment of COVID-19. As the infection of this disease remains increasing in most of the countries, and the current effective period will be further extended with the approval of the Central Committee on Prevention, Control and Treatment of COVID-19, until 31 July 2021, 23:59 hours of Myanmar Standard Time to prevent infection of COVID-19 to Myanmar through passengers of international airlines.
Ministry of Transport and Communications

Source: The Global New Light of Myanmar

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Announcement on Extension of the Precautionary Restriction Measures Relating to Control of the COVID-19 Pandemic until 31 July 2021

  1. With a view to the further strengthening of measures to contain the spread of the COVID-19 pandemic, the Ministry of Foreign Affairs of the Republic of the Union of Myanmar has issued the following announcements regarding temporary entry re-strictions for visitors from all countries. All those restrictions were extended until 30 June 2021 by the Ministry’s announcement dated 31 May 2021.
    (a) Announcement dated 15 March 2020 regarding precautionary measures for all travellers visiting Myanmar;
    (b) Announcement dated 20 March 2020 regarding additional precautionary measures for travellers visiting Myanmar and temporary suspension of issuance of visa on Arrival and e-visa;
    (c) Announcement dated 24 March 2020 regarding additional precautionary measures for travellers from all countries visiting Myanmar;
    (d) Announcement dated 28 March 2020 regarding temporary suspension of all types of visas (including social visit visas) and visa exemption services.
  2. In order to continue its effective response measures to protect the population of the country from the risks of importation and spread of the COVID-19, the Government of the Republic of the Union of Myanmar has decided to extend the afore-mentioned entry re-striction measures until 31 July 2021.
  3. In case of urgent official missions or compelling reasons, foreign nationals, including diplomats and United Nations officials, who wish to travel to Myanmar by available relief or special flights, may contact the nearest Myanmar Mission for pos-sible exception with regard to certain visa restrictions. However, all visitors must abide by existing directives issued by the Ministry of Health and Sports relating to the pre-vention and control of the COVID-19 pandemic.
    Ministry of Foreign Affairs
    Nay Pyi Taw
    Dated. 30 June 2021

Source: The Global New Light of Myanmar