Border trade between Myanmar and India reaches USD 87 million

01 October 2018
Border trade between Myanmar and India reaches USD 87 million
People carry goods from Myanmar and enter India through Indo-Myanmar Friendship Gate at Moreh, some 120 kms from Imphal, the capital city of Manipur state. Photo: AFP

Border trade between Myanmar and India has reached 87 million U.S. dollars as of Sept. 21 during the six-month transitional period which started in April this year, according to Myanmar's Commerce Ministry on Sunday, Xinhua reported.

Myanmar has changed its fiscal year period from original April-March to Oct-Sept beginning 2018-2019, producing a six-month transitional gap.

The country's total border trade with India during this period saw a sharp increase by 54 million U.S. dollars compared to the same period of the last fiscal year 2017-2018 when it showed 33 million U.S. dollars.