India and Myanmar to strengthen bilateral trade and investment ties
Updated: Feb 18, 2015 01:31:16pm
Naypyidaw, Feb 18 (KNN) In order to enhance the bilateral trade and investment ties, India and Myanmar agreed to work together to remove the bottlenecks hampering the bilateral trade and investment such as lack of good connectivity, lack of banking arrangement both for regular and border trade.
During the fifth India - Myanmar Joint Trade Committee (JTC) meeting held in Naypyidaw on Tuesday, India offered to support Myanmar to develop infrastructure at the border trade points, upgrade trade training institutes in Yangon and also provide training to Myanmar officials on WTO and international trade related issues.
India also offered to support subsidized direct shipping links between the two countries to promote bilateral trade.
The meeting was co-chaired by Minister of Commerce and Industry Nirmala Sitharaman and Myanmar Union Minister of Commerce U Win Myint.
They reiterated their commitment towards strengthening of mutually beneficial relationship especially in the field of promoting two-ways investment, infrastructure development particularly to promote border trade, connectivity, agriculture, energy, skill and entrepreneurial development, pharmaceutical and people-to-people contacts.
Both sides agreed to hold the next Joint Trade and Investment Forum in Chennai during which Myanmar will organise a roadshow on investment opportunities in Myanmar especially in the special economic zones.
They also agreed to meet more often to ensure enhancement of bilateral trade and mutual cooperation. (KNN/ST)
During the fifth India - Myanmar Joint Trade Committee (JTC) meeting held in Naypyidaw on Tuesday, India offered to support Myanmar to develop infrastructure at the border trade points, upgrade trade training institutes in Yangon and also provide training to Myanmar officials on WTO and international trade related issues.
India also offered to support subsidized direct shipping links between the two countries to promote bilateral trade.
The meeting was co-chaired by Minister of Commerce and Industry Nirmala Sitharaman and Myanmar Union Minister of Commerce U Win Myint.
They reiterated their commitment towards strengthening of mutually beneficial relationship especially in the field of promoting two-ways investment, infrastructure development particularly to promote border trade, connectivity, agriculture, energy, skill and entrepreneurial development, pharmaceutical and people-to-people contacts.
Both sides agreed to hold the next Joint Trade and Investment Forum in Chennai during which Myanmar will organise a roadshow on investment opportunities in Myanmar especially in the special economic zones.
They also agreed to meet more often to ensure enhancement of bilateral trade and mutual cooperation. (KNN/ST)
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