The fishery business circle said that the Maungtaw border trade zone, formally opened last weekend, will deal initially with the sale of prawn only, prawn traders said.
According to official statistics, Myanmar exported 23,000 tons of marine products to Bangladesh annually, standing as Bangladesh's fifth largest marine products importing country out of 30.
Meanwhile, the two countries are negotiating to extend the sale of Myanmar prawn directly to Chittagong, the sources added.
Maungtaw represents one of the four border towns of Myanmar where transformation from border trade system to normal trade one has been or is being carried out.
The first and largest border trade zone, which is the 105th Mile Muse Border Trade Zone in Shan state with China, was established in April last year. The second and third were at Myawaddy in southeastern Kayin state with Thailand, and Tamu in northwestern Sagaing division with India.
Source: People's Daily Online
Trade zone set up in Myanmar western border town
MYANMAR - A trade zone has been set up in Myanmar's western border town of Maungtaw in Rakhine state linking Bangladesh to mainly export marine products to its neighbour.