India and Myanmar have set a target to increase bilateral trade to $5 billion by 2030, following a meeting of senior officials in Nay Pyi Taw. Bilateral trade reached $2.15 billion in 2024-25, showing strong growth. Discussions focused on promoting the Rupee–Kyat trade settlement mechanism and maximizing benefits from the ASEAN–India Trade in Goods Agreement (AITIGA).
The meeting, co-chaired by Myanmar’s Deputy Commerce Minister U Minn Minn and India’s Additional Secretary Nitin Kumar Yadav, addressed connectivity, market access, financial transactions, and border infrastructure. Myanmar appreciated India’s open policy, especially for pulses and beans exports.
Both sides emphasized cooperation in textiles, transport, ICT, MSMEs, health, and agriculture. They highlighted the strategic importance of reopening Tamu–Moreh and Rhi–Zokhawthar border trade posts and called for developing an Integrated Check Post at Tamu. The officials reaffirmed their commitment to reviewing AITIGA and agreed to maintain regular communication for follow-up actions. The next India–Myanmar Joint Trade Committee meeting will be in New Delhi. (With PIB inputs)