India-Myanmar Border "Haats" Performing Well

8 March 2017

Informal trading in the Northeast region's border 'haats' (rural markets) between India and Myanmar is doing very well, reported Mr. Najib Shah, Chairman of India's Central Board of Excise and Customs. The Government of India is considering opening more border haats to promote trade ties with its neighbors.

Trade through border haats helps boost local trade and increase people-to-people contact. The first haat between India and Myanmar was set up at Pangsu Pass, adjacent to Sagaing Region (Myanmar) and Arunachal Pradesh (India). The memorandum of understanding to establish border haats along the Indo-Myanmar border was signed in May 2012 during the visit to Myanmar of former India Prime Minister Manmohan Singh.

 

Related Links:

US Gov'ts MCC to Invest in South Asian Energy Connectivity

The Government of the United States' Millennium Challenge Corporation (MCC) is finalizing a $500 million investment to help...
Read More >>

Commentary: 25 years of ASEAN–India Integration

This commentary by Mr. Prabir De, Professor at the Research and Information System for Developing Countries, and Coordinator,...
Read More >>

India Releases National Trade Facilitation Action Plan

The Government of India, led by Finance Minister Arun Jaitley, launched the National Trade Facilitation Action Plan (NTFAP)...
Read More >>

Impact of Goods and Services Tax on Bhutan and Nepal’s Third Country Trade

Charges for different port and Customs services for Bhutan and Nepal’s third country import/export through India will not...
Read More >>

Bangladesh and Sri Lanka Ink 14 Deals for Cooperation

Bangladesh and Sri Lanka signed 14 instruments of cooperation in coastal shipping, agriculture, higher education, foreign service training,...
Read More >>

Bangladesh, Sri Lanka Shipping Companies Mull Container Feeder Service Joint Venture

The Bangladesh Shipping Corporation (BSC) and Sri Lanka's Ceylon Shipping Corporation plan to launch a container feeder service...
Read More >>

SAARC Countries Urged to Focus on Removing Non-tariff Barriers

Mr. Younus Dagha, Federal Secretary of Commerce, Pakistan, has urged the member countries of the South Asian Association...
Read More >>