India and Myanmar have discussed the importance of resuming border trade through roads and agreed to take steps on this issue. The issue was discussed during a meeting between Myanmar’s Deputy Commerce Minister U Minn and Minister of State of Commerce and Industry Jitin Prasada. They discussed possibilities to increase cooperation in areas such as pharmaceuticals, pulses, petroleum products and greater use of the recently launched Rupee-Kyat trade settlement mechanism. India is the fifth-largest trading partner of Myanmar. The bilateral trade stood at $1.74 billion in 2023-24 against $1.76 billion in 2022-23.
To address these fluctuations, both sides prioritised infrastructure development as a key enabler of trade growth. They discussed ongoing projects like the Kaladan Multi-Modal Transit Transport Project, which connects India’s eastern ports to Myanmar’s Sittwe port, and the India-Myanmar-Thailand Trilateral Highway, aimed at improving regional connectivity and trade flow. Despite these initiatives, security concerns along the India-Myanmar border remain a challenge.
Recent conflicts in Myanmar and stricter security measures on the Indian side have disrupted border trade routes, affecting the movement of goods and traders. Leaders from both countries acknowledged these issues and stressed the need for a balanced approach that ensures security while facilitating economic activity. The discussions between India and Myanmar mark an important step towards strengthening bilateral ties and enhancing regional economic cooperation. By focusing on trade diversification, improved financial mechanisms, and better infrastructure, both nations aim to foster long-term economic growth and reinforce their strategic partnership.
