Millennium Post

India-Myanmar bilateral trade target at $3 bn by 2015

Setting a bilateral trade target of $3 billion, India and Myanmar on Thursday discussed ways to enhance economic cooperation in sectors like textiles, infrastructure, oil and gas. Commerce Minister Anand Sharma, who is here on a three-day visit, met Energy Minister of Myanmar U Than Htay and conveyed the interest of Indian banks in setting up their branches in Myanmar.

'India will also be happy to assist in strengthening the banking system in Myanmar as we inherit common banking laws,' Sharma said adding both the sides 'set a bilateral trade target of $3 billion by 2015'.In 2012, the total trade between the countries stood at $1.87 billion. The minister also met Daw Aung San Suu Kyi, Chairperson of the NLD.
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