9th India–Myanmar Joint Trade Committee Meeting Held in Nay Pyi Taw
ECONOMY & POLICY

9th India–Myanmar Joint Trade Committee Meeting Held in Nay Pyi Taw

The ninth meeting of the India–Myanmar Joint Trade Committee (JTC) was held in Nay Pyi Taw, Myanmar, with a focus on strengthening bilateral trade and deepening economic cooperation. The meeting was co-chaired by U Minn Minn, Deputy Minister, Ministry of Commerce of the Republic of the Union of Myanmar, and Nitin Kumar Yadav, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India.

Representatives from relevant ministries and stakeholder departments from both countries participated in the discussions. The meeting covered a broad range of issues aimed at facilitating trade, including improving connectivity, enhancing market access, streamlining financial transactions, upgrading border infrastructure and reopening border trade posts. The two sides also discussed promoting the Rupee–Kyat trade settlement mechanism and maximising benefits under the ASEAN–India Trade in Goods Agreement (AITIGA).

The Myanmar side expressed appreciation for India’s continued open and supportive policy environment for Myanmar’s exports, particularly in pulses and beans. Both sides explored opportunities for expanding cooperation in key sectors such as textiles, transport and connectivity, capacity building, customs and border management, shipping, power, information and communication technology, MSMEs, health, pharmaceuticals and agriculture, highlighting the potential for long-term mutual gains.

The meeting reaffirmed the strategic importance of the Tamu–Moreh and Rhi–Zokhawthar border trade posts in facilitating cross-border commerce. The Indian side reiterated its request for the early reopening of these land border points, while both sides underscored the need for developing an Integrated Check Post at Tamu to further improve trade efficiency.

Bilateral trade between India and Myanmar stood at $2.15 billion in 2024–25. Recognising the scope for further growth, both sides agreed on a shared objective to expand bilateral trade to $5 billion by 2030.

The two countries also reaffirmed their commitment to expediting the review of AITIGA to make it simpler, balanced and more trade-facilitative. It was agreed that regular communication would be maintained to ensure effective follow-up, with the next JTC meeting to be held in New Delhi.

The ninth meeting of the India–Myanmar Joint Trade Committee (JTC) was held in Nay Pyi Taw, Myanmar, with a focus on strengthening bilateral trade and deepening economic cooperation. The meeting was co-chaired by U Minn Minn, Deputy Minister, Ministry of Commerce of the Republic of the Union of Myanmar, and Nitin Kumar Yadav, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India.Representatives from relevant ministries and stakeholder departments from both countries participated in the discussions. The meeting covered a broad range of issues aimed at facilitating trade, including improving connectivity, enhancing market access, streamlining financial transactions, upgrading border infrastructure and reopening border trade posts. The two sides also discussed promoting the Rupee–Kyat trade settlement mechanism and maximising benefits under the ASEAN–India Trade in Goods Agreement (AITIGA).The Myanmar side expressed appreciation for India’s continued open and supportive policy environment for Myanmar’s exports, particularly in pulses and beans. Both sides explored opportunities for expanding cooperation in key sectors such as textiles, transport and connectivity, capacity building, customs and border management, shipping, power, information and communication technology, MSMEs, health, pharmaceuticals and agriculture, highlighting the potential for long-term mutual gains.The meeting reaffirmed the strategic importance of the Tamu–Moreh and Rhi–Zokhawthar border trade posts in facilitating cross-border commerce. The Indian side reiterated its request for the early reopening of these land border points, while both sides underscored the need for developing an Integrated Check Post at Tamu to further improve trade efficiency.Bilateral trade between India and Myanmar stood at $2.15 billion in 2024–25. Recognising the scope for further growth, both sides agreed on a shared objective to expand bilateral trade to $5 billion by 2030.The two countries also reaffirmed their commitment to expediting the review of AITIGA to make it simpler, balanced and more trade-facilitative. It was agreed that regular communication would be maintained to ensure effective follow-up, with the next JTC meeting to be held in New Delhi.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement