India adds 22 items in the list of border trade with Myanmar
India has notified 22 additional items including
agricultural tools, bicycles, coal and garments in the list of items for
border trade with Myanmar.
In a notification, the
Directorate General of Foreign Trade (DGFT) said the existing
arrangements for import/export of items under Indo-Myanmar Border have
been revised and 22 new items have been added to the existing list of 40
tradable items taking the number of total tradable items to 62 for
border trade.
The other new items include edible oil,
electrical appliances, steel products, medicines, tea, beverages, motor
cycles and spare parts, semi precious stone, sewing machines and three
wheelers/cars below 100cc.
According to a study
conducted by Confederation of Indian Industry (CII), bilateral trade
between India and Myanmar is expected to double by 2015 from $1.3
billion, on the back of free trade agreement between
New Delhi and ASEAN
region.
Myanmar is a key member of the 10-nation bloc Association of South East Asian Nations (ASEAN).
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