Burmese traders are losing money as a result. Bangladesh raises onion import tax.
As a result of raising tariffs on imported onions to assist farmers in Bangladesh in growing onions during the open season, Burmese traders on the Maungdaw border are experiencing losses.
A merchant in Maungdaw said, “The onion-developing season in their nation implies that their ranchers are giving need to their ranchers by increasing government rates on imported onions to get a superior cost.”
The tax was previously raised to 3 Bangladeshi taka for each kilogram of onion, but it is now 5 taka per taka.
The Maungdaw Border Traders’ Association’s vice-chairman, Aung San Thein, stated: Exports are not profitable for traders. In contrast, it is said that traders in Bangladesh have established committees with six members.
It will be easier for traders, according to traders, if the Burmese side can establish a seller market to expand border trade between Myanmar and Bangladesh.
“It would be beneficial if traders over there could permit traders to purchase here. Even though prices are low, it is difficult to bring them back here, and traders on this side are suffering as a result. Now they must sell to other nations. A border merchant stated.
According to Maungdaw traders, the Maungdaw border trade point shipped 1,878,000 kilograms of onions to Bangladesh in December 2021, for a total value of $413,360 US dollars.
