Officials Consider New Trade Zone on Indian Border

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

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