The fifth Joint Trade Committee meeting between India and Myanmar was held in Nay Pyi Taw, Myanmar on 17th February, 2015. The meeting was co-chaired by Nirmala Sitharaman (Minister of Commerce & Industry) and Myanmar Union Minister of Commerce U Win Myint.
In the meeting, both nations have agreed to work together to remove the bottlenecks hampering the bilateral trade and investment such as lack of good connectivity, lack of banking arrangement both for regular and border trade. To promote the bilateral trade between the two countries, India offered to support subsidized direct shipping links. The two ministers have also agreed to jointly inaugurate the land custom station in Zawkhatar, Mizoram. The next Joint Trade and Investment Forum will be held in Chennai.
Knowledge is Wealth
- Naypyidaw is the capital of Myanmar and Yangon is the largest city in the country.
- The currency of Myanmar is Kyat.
- According to the Human Development Index 2013, Burma had a low level of human development, ranking 150 out of 187 countries.
- Myanmar is rich in jade and gems, oil, natural gas and other mineral resources.