Myanmar's border trade was down by over $24 million in April, the first month of fiscal year 2016-17, according to official figures of commerce ministry on Monday.
The border trade for nearly one month stood at $147.433 million while that of the same period of the fiscal year 2015-16 was $171.877 million, Xinhua news agency reported.
The border trade was down due to some temporary restrictions by China on some items including rice and re-exported sugar.
Meanwhile, traffic jam on the route to Muse, a border trade zone between Myanmar and China, slowed down trade activities, Maung Aung, former advisor to the commerce ministry, said.
At present, Myanmar's officials are trying to expand the route, he added. (Courtesy of The Statesman)
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