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Myanmar began exporting corn to its neighboring nation, Thailand, below a tax exemption program via the Myawady border commerce put up on February 1.
On the primary day, the nation exported over 2,000 tons, nonetheless, it was lower than the quantity it exported on the primary day final yr.
Underneath the bilateral settlement between Myanmar and Thailand, corn from Myanmar is allowed to export to Thailand with out tax from February 1 to August 31.
Native merchants stated that there’s sufficient provide; nonetheless, there was not sufficient manpower to load corn into freight vehicles, which carry corn to Thailand and should not allowed to remain in a single day.
Though corn from Myanmar is allowed to export to China, Myanmar merchants select to export extra to Thailand as China has elevated taxes to guard the curiosity of Chinese language farmers. Thailand additionally imposes such tax ranging from late August, corn harvesting season in Thailand, and through which corn export to Thailand typically ceases and resumes on February 1.
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