India, Myanmar aim to grow bilateral trade to $5 bln by 2030
This story was originally published at 19:31 IST on 21 January 2026
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NEW DELHI – India and Myanmar, at their ninth Joint Trade Committee Meeting, set a target of increasing bilateral trade to $5 billion by 2030 from $2.15 billion in 2024-25 (Apr-Mar), the government said Wednesday in a release. Officials from both the sides also discussed promoting the Rupee–Kyat trade settlement mechanism, the release added.
From India, Nitin Yadav, additional secretary at the commerce ministry, attended the meeting in Nay Pyi Taw, which was co-chaired by Myanmar's Deputy Minister of Commerce U Minn Minn. The meeting deliberated on a wide range of issues, including improving connectivity, expanding market access, streamlining financial transactions, upgrading border infrastructure, re-opening border trade posts, and maximising the benefits of India's free trade agreement with the Association of Southeast Asian Nations.
The meeting reaffirmed the strategic importance of the Tamu–Moreh and Rhi–Zokhawthar border trade posts in facilitating cross-border trade, according to a release. The Indian side reiterated its request for the early reopening of these land border points.
"Discussions were also held on potential areas of cooperation to drive mutual growth, with emphasis on sectors such as textiles, transport and connectivity, capacity building, customs and border management, shipping, power, information and communication technology, micro, small and medium enterprises, health, pharmaceuticals, and agriculture," the commerce ministry said in a release. "Both sides emphasised that enhanced cooperation in these areas could yield sustained long-term gains and strengthen the framework of mutual support and collaboration."
The two sides will hold the next Joint Trade Committee Meeting in New Delhi. End
US$1 = INR 91.69
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
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