Written by Published in Trade
Workers unload cement from a ship at the port in Yangon, Myanmar April 5, 2012. Photo: Thet Htoo/EPA
Workers unload cement from a ship at the port in Yangon, Myanmar April 5, 2012. Photo: Thet Htoo/EPA

Myanmar is set to launch a new trade information portal to boost trade transparency by the end of 2015, reports the Global New Light of Myanmar on January 24.

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Indian Prime Minister Narendra Modi (R) shaking hands with the Myanmar Vice President Dr Sai Mauk Kham (L), during a meeting in New Delhi, India, January 21, 2015. Photo: Press Information Bureau of the Government of India/EPA
Indian Prime Minister Narendra Modi (R) shaking hands with the Myanmar Vice President Dr Sai Mauk Kham (L), during a meeting in New Delhi, India, January 21, 2015. Photo: Press Information Bureau of the Government of India/EPA

Indian President Pranab Mukherjee has called for increased bilateral trade between Myanmar and India during a meeting in New Delhi with visiting Myanmar Vice President Dr Sai Mauk Kham, according to a report in Business Standard on January 22.

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Myanmar and China are said to be stepping up efforts to clamp down on the illegal timber trade. Seized timber in Kachin State on February 22, 2014. Photo: Mizzima
 Myanmar and China are said to be stepping up efforts to clamp down on the illegal timber trade. Seized timber in Kachin State on February 22, 2014. Photo: Mizzima

The Myanmar and Chinese authorities plan to crack down on illegal timber trading routes along their long mutual border.

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Myanmar-Myawaddy-border-trade-zone
Policemen search trucks at the gate of Myawaddy border trade zone, Myawaddy, Kayin State, Myanmar, October 3, 2014. Photo: Lynn Bo Bo/EPA

As Myanmar’s economy continues to open up to foreign investment, the country is posting a trade deficit of US$4 billion for the first nine months of the 2014-15 fiscal year, according to the Ministry of Commerce’s latest figures.

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A picture made available on 03 October 2014 shows the sun setting down as people drive and ride around a busy road at Myawaddy town, Karen State, eastern Myanmar, 02 October 2014. Myawaddy is the town lies in eastern Myanmar which shares a border with Thailand's Mae Sot district. EPA/LYNN BO BO
The sun setting as people drive and ride along a busy road in Myawaddy town, Kayin State, Myanmar, October 2, 2014. Myawaddy shares a border with Thailand's Mae Sot district. Photo: Lynn Bo Bo/EPA

Thailand and Myanmar plan to have a joint trade committee meeting next month in an attempt to boost two-way trade and investment, according to the Bangkok Post.

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The Mizo National Front in northeast India has attacked the local Congress Party government for its plans to buy rice from Myanmar, facilitated by the extension to the Silchar-Lumding railway line, according to a report from Mizonews.net on December 11.