Dizzying trade deficit to greet Myanmar’s new govt
With figures topping US$5 billion, a widening trade deficit is likely to greet Myanmar’s new government on April 1, says the Ministry of Commerce.
According to the ministry, the total trade volume reached $25.7 billion between April 2015 and March of this year. Import volume hovered around $15.5 billion, while export volume reached only $10.2 billion. The fiscal year ends on March 31, and President-elect Htin Kyaw of the National League for Democracy is due to be sworn in April 1.
