Opportunity to increase trade between India and Myanmar.

Opportunity to increase trade between India and Myanmar.

Myanmar expressed willingness to trade with India in rupees. Accepting this, the Reserve Bank of India approved the opening of Vastro account in Punjab National Bank. Our exports from India to Myanmar are worth 820 million dollars. Our imports from Myanmar are worth 540 million dollars. From Myanmar we import iron ore, natural rubber, plywood, fish, pulses etc. We export pharmaceuticals, petroleum products, chemicals, machinery, coffee, tea etc. It is noteworthy that Myanmar already trades with China and Thailand in local currency.

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