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To boost trade with Myanmar, the government is pushing for more trade between the two countries through the shared land boundary, stated Commerce Secretary Rita Teaotia.
“Greater trade through land border will positively affect the economy of the country’s North Eastern region, and also enhance people-to-people contact,” Teaotia said while speaking at the launch of a study on ‘Enhancing India-Myanmar Border Trade: Policy and Implementation Measures’ jointly brought out by Ministry of Commerce and RIS.
The study provides an in-depth analysis for increasing trade between India and Myanmar through land borders. It also proposes policy measures to achieve the goal as well as provide a framework of relevant implementation measures.
Teaotia said that India and Myanmar not only share borders but also historical, civilizational and cultural ties. Therefore, it is no surprise that both the countries have conventionally shared significant economic connections and production spaces.
“Myanmar has the distinguished geographical advantage and can serve as a land-bridge between and Southeast Asia and India,” she added.
The trade between the two countries via land routes has seen a significant move from barter to normal trade and also in eliminating the list of restricted items until recently.
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