Rakhine businesspeople are asking the Union government to provide more than K1 billion to allow them to complete a trading zone on the border with Bangladesh by the end of the year.
They say the zone will allow local companies to rebuild trade ties with neighbouring Bangladesh and beyond, to India and China. According to government figures, trade between Myanmar and Bangladesh fell by two-thirds following inter-communal violence in Rakhine State in 2012.
U Aung Myint Thein, president of Maungdaw Border Trade Chamber of Commerce, has made the plea to Union Minister of Commerce U Than Myint on behalf of local trading associations.
They are asking for up to K1.5 billion to complete Maungdaw’s Kanyin Chaung trading zone – which will centre around trade in fisheries products – by December. (Courtesy of Myanmar Times)
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