Myanmar-Thai bilateral trade falls

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Myanmar-Thai bilateral trade falls this year 

Xinhua, Yangon 21 Ocrober 1999. Bilateral trade between Myanmar and
Thailand amounted to 174.54 million U.S. dollars in the first half of this
year, falling by 30.16 percent from the 249.93 million dollars registered
in the same period of last year. In the half-year period, Myanmar's imports
from Thailand stood at 148.89 million dollars, a drop of 18.5 percent from
the same period of last year which saw 182.69 million dollars, according to
the latest economic indicators issued by the Central Statistical
Organization. Meanwhile, Myanmar's exports
to Thailand were 25.65 million dollars, down by 61.85 percent from 67.24
million dollars in the
corresponding period of last year. The indicators also show that the
bilateral trade between Myanmar
and Thailand reached 441.38 million dollars in 1998. Myanmar's imports from
Thailand were valued at
348.15 million dollars in the year, while its exports to Thailand were
worth 93.23 million dollars. Thailand
is Myanmar's second major trading partner after Singapore. The two
countries' bilateral trade accounts
for 11.14 percent of Myanmar's annual foreign trade. Thailand ranks the
third among foreign countries
and regions investing in Myanmar after Britain and Singapore. In the past
five years, Myanmar has
absorbed 961.2 million dollars of investment from Thailand in 27 projects,
which accounted for 17.03
percent of the country's 5.6415 billion dollars of total foreign investment
during the period. 


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