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International News

Nov 24, 2020
9:21PM

7th Joint Trade Committee Meeting held between India & Myanmar; both sides review various bilateral issues

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The 7th Joint Trade Committee Meeting between India and Myanmar was today held through virtual mode. The Meeting was co-chaired by Union Minister for Ministry of Commerce, Myanmar Dr. Than Myint and Commerce and Industry Minister Piyush Goyal. During the consultations, both sides reviewed various bilateral issues ranging from trade, investment, banking, connectivity, capacity building and upgradation of border infrastructure.
 
Both sides reviewed their preparedness to meet the COVID-19 challenges and expand cooperation in the pharma and health sector including traditional medicines. During the meeting, Mr Goyal highlighted the strong cultural and commercial ties between India and Myanmar and the priority India attaches to its partnership with Myanmar in accordance with India’s ‘Neighborhood First’ and ‘Act East’ policies. He reiterated India’s commitment in enhancing its multifaceted cooperation with Myanmar, in several areas including trade and investment and Oil and Gas. 
 
Ministry of Commerce in a statement said that both countries agreed that the current level of bilateral trade is not reflective of the actual potential and expressed commitment in strengthening their economic partnership by facilitating enhanced sectoral collaborations and trade promotion. They also reviewed the status of connectivity projects and scaling up the infrastructure at the border for strengthening trade.

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