The 5th India- Myanmar Joint Trade Committee (JTC) meeting was held in Nay Pyi Taw on 17th February, 2015. The meeting was co-Chaired by Minister of Commerce & Industry Smt. Nirmala Sitharaman and Myanmar Union Minister of Commerce U Win Myint. The 5th JTC was preceded by a meeting of senior officials of India and Myanmar on 16th February, 2015.
During the meeting, the two sides had intensive interaction and exchange of views to find ways and means to enhance the bilateral trade and investment ties. Both sides agreed to work together to remove the bottlenecks hampering the bilateral trade and investment such as lack of good connectivity, lack of banking arrangement both for regular and border trade. In this context, India offered to support Myanmar to develop infrastructure at the border trade points, upgrade trade training institutes in Yangon, and also provide training to Myanmar officials on WTO and international trade related issues besides supporting subsidized direct shipping links between India and Myanmar to promote bilateral trade.
The two Ministers reiterated their commitment towards strengthening mutually beneficial relationship especially in the field of promoting two-ways investment, infrastructure development particularly to promote border trade, connectivity, agriculture, energy, skill and entrepreneurial development, pharmaceutical and people-to-people contacts.
