5th Joint Trade Committee Meeting held between India & Myanmar

trade-committeeThe 5th India- Myanmar Joint Trade Committee (JTC) meeting was held in Nay Pyi Taw on 17th February, 2015. The meeting was co-Chaired by Minister of Commerce & Industry Smt. Nirmala Sitharaman and Myanmar Union Minister of Commerce U Win Myint. The 5th JTC was preceded by a meeting of senior officials of India and Myanmar on 16th February, 2015.

The Agreement include:

1. Both nation will work together to remove the bottlenecks hampering the bilateral trade and investment such as lack of good connectivity.

2. Work will be done to remove lack of banking arrangement both for regular and border trade.

3. India offered to support Myanmar to develop infrastructure at the border trade points, upgrade trade training institutes in Yangon

4. The two Ministers reiterated their commitment towards strengthening 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.

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