Act East and Indo Myanmar Trade

and Economic Cooperation

Bilateral trade redefine
Bilateral trade agreements
preference to certain countries in commercial
relationships, facilitating trade and investment
between the home country and the foreign country
by reducing or eliminating tariffs, import quotas,
export restraints and other trade barriers.
 Indias Bilateral Trade Agreements
India has bilateral agreements with the following countries and blocs:
SAFTA (Bangladesh, Bhutan, the Maldives, Nepal, Pakistan, Sri Lanka and
Afghanistan)
ASEAN (ASEANIndia Free Trade Area)
European Union (final stage)
Sri Lanka
Singapore
Thailand (separate from FTA agreement with ASEAN)
Malaysia (separate from FTA agreement with ASEAN)
Japan
European Free Trade Association (EFTA) (negotiation ongoing)
Canada (negotiation ongoing)
South Korea
Japan
Prospect of Bilateral trade with
Myanmar
Golden Opportunities in the Golden Land
Economic gateway to a potential vast market
of over two billion consumers as well as sub-
regional economic nodal link
Prospect of Bilateral trade with
Myanmar
Myanmar has abundant natural resources,
talented workforce and adequate
infrastructure to set up new business ventures
by local own, joint venture or 100% foreign
owned businesses.
Potential investment areas in
Myanmar
Labor intensive industries ( Garment .. etc: )
Food processing industries
Supporting industries for the heavy machineries
Assembly firms
Electronic and Electronic components manufacturing
Contract farming
Establishment of Seed firms
Oil and Gas exploration
Research and Development firms
Mining
Regional Linkages include
Mekong Sub-region (GMS)
BIMSTEC
ASEAN
ACMECS
GMS countries
 With the huge land mass, abundant natural ,
human resources, large local market and the
various regional linkages, Myanmar stands
ready to take an important place in the
economic development of South East Asia in
particular and Asia in general.
Area to be focus:
Need for relooking the tradable items
Need for Trade facilitation in terms of information and advisory
service
Harmonization of statistical system
Moreh ICP should be completed at the earliest
Moreh town should be developed
Need for good governance
Need for improvement in banking and financial institutions
Traders oriented customs procedures
Infrastructure Development in terms of trade & Commerce
Cross border trucking
Capacity building programmes for stakeholders
Expansion of trade network
Promotion of tourism potential in north eastern region