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Business EconomyPosted at: Jun 15 2016 7:29PM


India, Myanmar trade see paradigm shift through land route: Commerce Secy

New Delhi, Jun 15 (UNI) Commerce Secretary Rita Teoatia today said that border trade between India and Myanmar through the land routes has seen a paradigm shift from barter to normal trade and have abolished the list of items restricted until recently.
“Myanmar is uniquely placed – geographically, economically and strategically. India and Myanmar not only share national borders but also historical, cultural and civilisational linkages. It is thus no surprise that the two countries have traditionally shared important economic linkages and production spaces,” Ms Teoatia said.
Myanmar has the distinct potential to serve as a land-bridge between India and South-east Asian region, she added.
“Now India and Myanmar can trade through the border and would take place under the DFTP and AITGA. There is a need for making trade an instrument for achieving developmental objectives in the border areas through employment generation. Need to invest in infrastructure from both sides as an essential prerequisite for trade,” she said.
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Tags: #India# Myanmar trade see paradigm shift through land route: Commerce Secy
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