Northeast Council hosts roundtable session between India-Myanmar

The Roundtable session on Bilateral Trade Opportunities between India and Neighbouring countries was held on Monday in New Delhi, with a special focus on North East Region.

The event was hosted by the Confederation of Indian Industry, North East Council.

Speaking at the Roundtable session on Bilateral Trade Opportunities, Myanmar ambassador Moe Kyaw Aung said India and Myanmar share good relations and a lot has to be done in the field of trade and investment

Notably, the friendship between India and Myanmar is age-old and has stood the test of time. Both countries have many things in common as they share strong historical, cultural, religious and trade ties.

People from both countries developed and managed to sustain trust and cordial relations so far. It can be gauged from the fact that not a single case of conflict has been reported yet though both countries share the 1,600-km land border and maritime border in the Bay of Bengal.

India calls Myanmar an important pillar in its important ‘Neighbourhood First’ Policy and promised to extend all kinds of support to help overcome economic and health challenges.

India has been building roads and bridges, schools, and healthcare centres in Myanmar under the India-Myanmar Border Area Development Programme.

The annual grant of USD 5 million has elevated the lives of people living in around 82 villages in Myanmar.

Moreover, India has decided to provide debt service relief under the G-20 Debt Service Suspension Initiative to help Myanmar lower the negative impacts of Covid-19. Myanmar accounted for 50 percent of arms exported from India.