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India, Myanmar to boost connectivity, trade

By Spl Correspondent

NEW DELHI, Feb 18 � India and Myanmar have agreed to work together to remove the bottlenecks hampering bilateral trade and investment, such as lack of good connectivity and banking arrangements both for regular and border trade.

In this context, India offered to support Myanmar in developing infrastructure at the border trade points, upgrading trade training institutes in Yangon and also in providing training to Myanmar officials on WTO and international trade-related issues, besides supporting subsidised direct shipping links between India and Myanmar to promote bilateral trade.

This was decided at the Fifth India-Myanmar Joint Trade Committee (JTC) meeting held in Nay Pyi Taw on Tuesday. The meeting was co-chaired by Minister of Commerce and Industry Nirmala Sitharaman and Myanmar Union Minister of Commerce U Win Myint.

Official sources here said that both sides agreed to hold the next Joint Trade and Investment Forum in Chennai during which, Myanmar would organise a roadshow showcasing investment opportunities in Myanmar, especially in the special economic zones. The two Ministers also agreed to jointly inaugurate the land custom station at Zawkhatar, Mizoram shortly at a mutually convenient date.

During the meeting, the two sides had an intensive interaction and exchange of views to find ways and means to enhance bilateral trade and investment ties. The two Ministers reiterated their commitment towards strengthening mutually beneficial relationship especially in the field of promoting two-way investment, infrastructure development particularly to promote border trade, connectivity, agriculture, energy, skill and entrepreneurial development, pharmaceutical and people-to-people contacts.

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