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Rediff.com  » Business » Indo-Myanmar trade: India adds 22 new items

Indo-Myanmar trade: India adds 22 new items

November 20, 2012 17:14 IST

TradeIndia has added 22 commodities such as agricultural tools, bicycle, coal and garments in the list of items for border trade with Myanmar to boost the two-way commerce between the neighbours.

"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 and all the 62 items consolidated," Directorate General of Foreign Trade said in a public notice.

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 industry body CII, the bilateral trade between India and Myanmar is expected to double by 2015 from the current level of $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.

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