U Aung Htoo, deputy minister for commerce, told a parliamentary session in Nay Pyi Taw last week that Myanmar had held consultations with India on border trade.
Myanmar’s western neighbour is among its most important trading partners, especially for agricultural goods. It is the largest buyer of beans and pulses from Myanmar’s farms.
But the governments of both countries hope to deepen that relationship to boost trading in textiles, the banking sector, fisheries and medicine. Many unregulated pharmaceuticals flow across the border from India.
In recent weeks there have been a series of joint committee meetings related to bilateral trade, border trade and border-market were held.
High-ranking officials from both sides had extensive discussions on opening a trade zone in Htantalan in western Chin State and a new trade zone in Pan Khwar, Mizoram State in India.
And bilateral banking services, cooperation in agriculture, fishery, medicine, textile sectors were also discussed.
Indian entrepreneurs have in the past expressed interest investing in machines for the production of jewellery, the production of solar-powered water pumps, value added furniture, agriculture and engineering.
Source: Myanmar Business Today
