New Payment Plan Could Unlock Bangladesh Exports to Myanmar
Bangladesh businesses see a new opportunity to export goods to Myanmar. But conflict makes direct payments difficult. Myanmar companies also lack US dollars. So, they want to pay for Bangladeshi goods from a third country.
A Bangladeshi company, A One Fish and Marine Food, applied to the National Board of Revenue (NBR) in July. It asked to receive export payments from another country. NBR officials confirmed this application will be approved soon.
A One Fish and Marine Food stated Myanmar needs cement, potatoes, and medicines. Security risks and dollar shortages prevent direct payments. They wish to pay from Singapore, Thailand, or Dubai.
Conflict damaged Myanmar’s bridges and roads, making travel unsafe. Yet, demand for Bangladeshi goods grew near the border. MD Alam, owner of A One Fish and Marine Food, highlighted Myanmar’s need for cement, potatoes, and energy drinks.
NBR officials confirmed Bangladesh Bank allows these third-country payments. A Bangladesh Bank circular from 2018 permits this arrangement.
However, approval has not yet reached the Teknaf Customs Station. MD Alam is waiting to begin exports. He noted the long wait for approvals.
Bangladesh’s exports to Myanmar are increasing. Exports rose from $34.8 million (2024-25) to $38.9 million (2025-26). Items include cement, potatoes, yarn, and jute products.
SM Nurul Hoque, former president of Bangladesh–Myanmar Chamber of Commerce, said trade dropped after the Rohingya issue. He expects trade to grow once resolved. A proposed China-Myanmar-Chattogram corridor could boost trade.
Many wealthy Myanmar businesspeople in Thailand and Singapore can pay from there. Mr. Hoque confirmed international rules allow this. Myanmar’s banking system is weak, and dollars are scarce from conflict. Cement exports face restrictions due to fears. The Arakan Army might use cement for bunkers. Bangladeshi medicines are also popular.
