Latest Rupee–Kyat trade settlement mechanism News & Updates

India and Myanmar Set $5 Billion Trade Target by 2030

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New Delhi, Jan 21 (IANS) India and Myanmar on Wednesday fixed a target of $5 billion for bilateral trade by 2030 at a meeting of senior officials, who deliberated on a wide range of issues, including promoting the Rupee–Kyat trade settlement mechanism, and maximising the benefits of the ASEAN–India Trade in Goods Agreement (AITIGA).Bilateral trade between India and Myanmar reached $2.15 billion during 2024–25, reflecting a strong and positive growth trajectory.The meeting held at Nay Pyi T…