India–Myanmar Joint Trade Committee Meets in Nay Pyi Taw, Sets USD 5 Billion Trade Target by 2030

India and Myanmar have agreed to scale up bilateral trade to USD 5 billion by 2030 as the two sides reviewed cooperation in connectivity, trade facilitation and implementation of the ASEAN–India Trade in Goods Agreement (AITIGA) during the 9th meeting of the India–Myanmar Joint Trade Committee (JTC) held in Nay Pyi Taw.

The meeting was co-chaired by U Minn Minn, Deputy Minister of Commerce of Myanmar, and Shri Nitin Kumar Yadav, Additional Secretary in the Department of Commerce, Ministry of Commerce and Industry, Government of India. Officials from various stakeholder ministries of both countries also participated.

Discussions focused on improving cross-border connectivity, streamlining financial transactions, upgrading border infrastructure, reopening border trade posts and promoting the Rupee–Kyat trade settlement mechanism. The Myanmar side appreciated India’s continued support for Myanmar’s exports, particularly in the pulses and beans sector.

Both countries explored enhanced cooperation in key sectors including textiles, transport and connectivity, customs and border management, shipping, power, information and communication technology, micro, small and medium enterprises, health, pharmaceuticals and agriculture, noting that deeper engagement would deliver long-term mutual benefits.

The strategic importance of the Tamu–Moreh and Rhi–Zokhawthar border trade points was reaffirmed, with India urging early reopening of these land borders and development of a corresponding Integrated Check Post at Tamu to improve trade efficiency.

Bilateral trade between India and Myanmar stood at USD 2.15 billion in 2024–25, reflecting a positive growth trend. Both sides reiterated their commitment to expediting the review of AITIGA to make it more balanced and trade-facilitative. The next meeting of the Joint Trade Committee will be held in New Delhi.