Myanmar trade volume leaps 40 percent
Afp, Yangon
Trade volume in military-run Myanmar, which is under US and European economic sanctions, leapt 40 percent to 7.93 billion dollars in 2006-2007, a semi-official newspaper reported Sunday. Exports rose to 5.01 billion dollars in the fiscal year ended March 31, up from 3.55 billion dollars the previous year, while imports shot up 47 percent to 2.92 billion dollars, the weekly Myanmar Times said. The paper said the rising trade figures were due to increased exports of natural gas, which nearby countries such as China, India and Thailand buy to fuel their booming economies.
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