Myanmar and India to boost collaboration in trade

• Nov 27, 2020

U Than Myint, Union Minister of the Ministry of Commerce, said during the Seventh Joint Committee Meeting, that Myanmar will boost collaboration with India in trade and other sectors for mutual interest. 

He expressed his confidence at the meeting saying that it will boost bilateral collaboration in trade, investment, agriculture, textile, transportation, and banking and belief that the economic pressures caused by the COVID-19 pandemic can be overcome through close cooperation. 

At the meeting, Mr. Piyush Goyal, Minister of the Ministry of Commerce and Industry, India, said that India will continue collaboration with Myanmar for improving trades through border gates and sea routes and India Trade Promotion Organization (ITPO) will closely work with MYANTRADE. 

India has made investments in various sectors and pledged to provide assistance in infrastructure development as well as technical assistance for sustainable development. 

India is Myanmar’s fourth-largest trading partner after Thailand, China, and Singapore, and the second-largest export market after Thailand as it imports 25 percent of Myanmar’s total export. 

Written by Ko Myo

Source: https://mmbiztoday.com/myanmar-and-india-to-boost-collaboration-in-trade/