Joint Trade Committee Meeting between India and Myanmar

Joint Trade Committee Meeting between India and Myanmar

Question: On June 27th, 2017, India – Myanmar Joint Trade Committee (JTC) Meeting was held at New Delhi. This was –
(a) 2nd Meeting
(b) 3Rd Meeting
(c) 5th Meeting
(d) 6th Meeting
Answer (d)
Related Facts:

  • On June 27, 2017, the 6th India – Myanmar Joint Trade Committee (JTC) Meeting was held at New Delhi.
  • The meeting was co-chaired by Smt. Nirmala Sitharaman, Minister of Commerce & Industry from India and Dr. Than Myint, Union Commerce Minister from Myanmar.
  • This Joint Trade Committee plays a key role in facilitating issues related to enhancement of the bilateral economic partnership between the two countries.
  • Discussions were held on exploring the feasibilities of direct shipping lines with Sittwe port and Vizag/ Chennai and need for direct air connectivity with Chennai/ Guwahati
  • Smt.Sitharaman noted that total export between India-Myanmar achieved in 2016-17 was $ 1.11 Billion, reflecting an annual growth of 3.79%.
  • The import stood at $ 1.06 Billion showing a growth of 8.43%.
  • It is noteworthy that Myanmar shares a long land border of over 1600 Kms with India as well as a maritime boundary in the Bay of Bengal.

Reference:
http://pib.nic.in/newsite/mbErel.aspx?relid=166924
http://www.business-standard.com/article/government-press-release/6th-joint-trade-committee-meeting-between-india-and-myanmar-117062701188_1.html