Business

Traders demand road repairs in the Kin Chaung Economic Zone

Traders want the roads in the Kinchaung Economic Zone to be repaired so they can be used for a long time and reopened to speed up trade on the Burma-Bangladesh border.

According to traders, trade has resumed in the Kinchaung economic zone since December 14 in order to expedite trade at the Maungdaw border in Rakhine State. However, roads must be sturdy until the rainy season.

To transport goods from Bangladesh to Maungdaw Port POE, there are insufficient motorboats. As it waited for the tide to rise and blocked the flow of goods from the mainland, the Kinchaung Economic Zone was allowed to resume trade on December 14. This was done to speed up trade.

“Trade from Maungdaw port is slow due to the influx of goods and the lack of motorboats,” stated trader Mamati Solim. To put it another way, businesses do not have enough motorboats, making it difficult for traders. The cost of trade from Maungdaw is higher.

On April 13, Maungdaw border trade began at the Kin Chaung Economic Zone and was re-traded at the Maungdaw Boat Seat No. POE exit. 1 as a result of extensive road damage.

However, due to the influx of goods and the rising and falling tides, trade has been temporarily repaired, and the road to the Kin Chaung Economic Zone has been temporarily closed.

“Yes,” responded a Maungdaw border trader. We can trade during the open season, but in order to trade during the rainy season, our roads need to be strengthened.

Because the tide can be traded 24 hours a day, the Kin Chaung Economic Zone, which is located about 4 miles from Maungdaw, is intended to boost trade between Myanmar and Bangladesh and establish a seller market for Bangladesh.

Officials claim that the Maungdaw border trade point can handle up to $1 million per day and is a one-dollar border trade point.

During the 2015-2016 fiscal year, the state government and Kin Chaung Economic Development Co., Ltd. jointly implemented the Kyin Chaung Economic Zone with approximately 50 acres of land and 25,000 lakh kyats from the government and 13,400 lakh kyats from the private sector.