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

DGCA Launches Digital Pilot Licence Services for ATPL

The Directorate General of Civil Aviation (DGCA) has launched Electronic Personnel Licence (EPL) services for the Airline Transport Pilot Licence (ATPL), marking a significant step in the regulator’s ongoing digital transformation of aviation licensing in India. The service was inaugurated at an event held at the DGCA headquarters.Inaugurating the EPL ATPL service, Director General of Civil Aviation Faiz Ahmed Kidwai said the initiative represents a major advancement in strengthening India’s civil aviation regulatory framework through secure, modern and future-ready digital systems. He con..

Next Story
Infrastructure Urban

Cabinet Extends Atal Pension Yojana and Support Till 2030–31

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Atal Pension Yojana (APY) up to the financial year 2030–31, along with the extension of government funding support for promotional and developmental activities and gap funding to ensure the scheme’s long-term sustainability.Under the approved framework, APY will continue to receive government support aimed at expanding its reach among unorganised and low-income workers. This includes funding for awareness campaigns, capacity-building initiatives and other developmental activities to strengthen ..

Next Story
Infrastructure Urban

Cabinet Approves Rs 50 Bn Equity Infusion for SIDBI

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an equity infusion of Rs 50 billion into the Small Industries Development Bank of India (SIDBI) to strengthen its capital base and enhance credit flow to micro, small and medium enterprises (MSMEs).The equity support will be provided by the Department of Financial Services (DFS) in a phased manner over three financial years. Of the total amount, Rs 30 billion will be infused in FY 2025–26 at the book value of Rs 568.65 per share as on March 31, 2025. The remaining Rs 20 billion will be infused in two equal tranches of R..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App