India and Myanmar have agreed to aim for a $5 billion bilateral trade target by 2030. The two countries discussed various issues during a meeting, including enhancing the Rupee–Kyat trade settlement mechanism and maximizing the benefits of the ASEAN–India Trade in Goods Agreement (AITIGA).
Bilateral trade between India and Myanmar reached $2.15 billion in 2024–25, showing significant growth. The meeting in Nay Pyi Taw also focused on improving connectivity, expanding market access, streamlining financial transactions, upgrading border infrastructure, and reopening border trade posts.
The meeting, co-chaired by Myanmar’s Deputy Commerce Minister U Minn Minn and Additional Secretary, Commerce, Nitin Kumar Yadav, involved representatives from relevant ministries of both countries. Myanmar appreciated India’s supportive policy environment for its exports, particularly in the pulses and beans sector.
Discussions included potential areas of cooperation for mutual growth, with a focus on sectors like textiles, transport, connectivity, customs and border management, power, ICT, MSMEs, health, pharmaceuticals, and agriculture. Both sides highlighted the long-term benefits of enhanced cooperation in these areas.
The strategic importance of the Tamu–Moreh and Rhi–Zokhawthar border trade posts in facilitating cross-border trade was reaffirmed. India requested the early reopening of these land border points and emphasized the need for an Integrated Check Post at Tamu to boost trade efficiency. Both countries committed to promptly reviewing the AITIGA for a simpler, balanced, and trade-facilitative agreement.
The next India–Myanmar Joint Trade Committee (JTC) meeting will take place in New Delhi.
