| Date: |
22-11-2012 |
| Subject: |
India adds 22 items in the list of border trade with Myanmar |
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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).
Source : thehindu.com
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