DHAKA-YANGON TRADE DEAL PROVES
UNSUCCESSFUL AS SMUGGLING RISING
Dhaka, 26 January 02: The
border trade agreement signed between Bangladesh
and Myanmar in
1994 has not far been unsuccessful and the blame partly goes to rising
The business community in Bangladesh
feels that a better approach is needed to overcome the problem as trade gap
between the neighbouring countries rose to Taka 167 crore in last four years because import from Bangladesh
continues to decline.
As per the agreement, both the countries could export or import goods wroth
5,000 dollars at a time without opening and Letter of Credit(LC).
The agreement said Bangladesh
could import onion, turmeric, ginger, chilli, shrimp,
sea-fish, various spices, pulse and pickle produced in Myanmar,
and export to that country goods like melamine,
cosmetic, lifesaving drugs and clothes.
recently increased border trade with Bangladesh
following deterioration of its relation with Thailand,
the coalition government of BNP has called for raising the export-import volume
without LC to 15000 US dollars from 5,000 dollars.
According to competent sources, a section of businessmen in connivance with a
section of BDR and customs officials are illegally importing huge Chinese, Thai
goods through the Bangladesh-Myanmar border undercover of import from Myanmar,
creating problems for the country's genuine importers.
A source at Chittagong Chamber of Commerce and
Industry said the Bangladesh
business community could not be benefited with border trade agreement as it
restricts import other than agricultural products and sea fish from Myanmar.
He said limestone and bamboo are found plenty in frontier Akyab(Sittwe)
and Maungdaw areas of Myanmar
and it's more profitable to use those in Bangladesh
rather than Myanmar
because of Bangladesh's
geographical location. Bangladesh
can use those raw materials by setting up pulp and cement industries here, he
He apprehended that the trade relations between Myanmar
might suffer a setback due to forgery and fraudulence by some Bangladeshi
He said there are some businessmen in Bangladesh
who cancel contracts with their Myanmar
counterparts after receiving goods from them without making any payment.
consult in Myanmar
M Emdadul Islam in a recent letter brought the matter to the notice of the government and said it this
trend could not be checked Myanmar
might rescind the border trade agreement.#
Source: Daily star