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Value of trade via Muse border trade zone on the decline

The value of trade via the Muse border trade zone was on the decline as of 4 March in the mini-budget financial period, according to the official statistics of the Ministry of Commerce. The value of trade via Muse in this mini-budget year amounted to US$579.48 million, whereas in the same period of last FY the figure was $3.09 billion, a slump of over $1.92 billion.

Between 1 October 2021 and 4 March 2022, Myanmar’s exports to China through the Muse land border were valued at $555.52 million, while imports are worth $23.9 million. The trade showed a slump in both exports and imports against the year-ago period. China shut down all the checkpoints linking to the Muse border amidst the COVID- 19 pandemic. The checkpoints next to the Muse border are Nantaw, Sinphyu, Mang Wein (Kyalgaung), Kyinsankyawt-Wang Ding and Panseng- Wang Ding.

Of the checkpoints, Kyinsankyawt has resumed trading activity from 26 November on a trial run. Myanmar daily delivers rubber, various beans and pulses, dried plum, watermelon, muskmelon and other food commodities to China through Kyinsankyawt with the use of a Chinese short-haul trucking service. Exports to China through Muse are made up largely of agricultural produce like rice, beans and fruits, while Myanmar imports medicines, electronics and construction materials via the overland route.

Source: The Global New Light of Myanmar

787-ft long Kyungon bridge commissioned into service in Wakema, Ayeyawady Region

As a gesture of hailing the 77th Anniversary of Armed Forces Day, the opening ceremony of the 787 feet long Kyungon bridge built on the Bogale-Mawlamyinekyun-Kyonmange-Wakema-Myaungmya Road yesterday morning under the COVID-19 rules and regulations. While addressing the ceremony, State Administration Council member Daw Aye Nu Sein said the Republic of the Union of Myanmar has coexisted with 135 ethnic groups since ancient times. Priority is given to the infrastructural development which includes improving transportation and access to electricity.

She added the essence of the 2008 Constitution, which is the inclusion of all ethnic nationalities in the legislature, judiciary and administrative sectors, and the goal of the State Administration Council is to build a Union based on democracy and federalism by practising true and disciplined multi-party democracy with full justice. She also said that during the governance of the State Administration Council, the Central Committee, Working Committee and National Solidarity and Peace-making Negotiate Committee were formed in order to restore perpetual peace.

The government is also implementing road/bridge development both in urban and rural areas and remote regions as well.mAfterwards, SAC members Daw Aye Nu Sein and U Moung Har, Union Minister for Construction U Shwe Lay, the Ayeyawady Region Chief Minister, and the command commander cut the ribbons to open the bridge. The Kyungon Bridge is built right next to the old cable-stayed bridge and is a 24-foot-wide two-lane reinforced concrete bridge, with the foundation constructed with Bored Pile and the superstructure made of steel mesh.

Source: The Global New Light of Myanmar