The Upper Myanmar India Association will start its own trade brokering business after the Myanmar economy returns to normal following the COVID-19 pandemic. The purpose is to connect traders from Myanmar and India who want to business. Even though traders from India want to do business in Myanmar, many have no point of contact here. So if India’s traders who trade care accessories, medical products or peas come for business.
Since the outbreak of COVID-19 in March, trade between the two countries has come to a halt and border gates at Chin State, Sagaing and Mandalay, which have been the main trading routes between northeastern India and Myanmar since 2017, have closed. Trade is conducted via maritime routes only. In fiscal 2018-19, trade totaled US$201 million. This is consisted mainly of exports worth US$177.5 million. Both countries had just opened the border checkpoint between Reekhorda town in Chin State and Zowkharthar village in Mizoram, in August 2018.
The Reekhorda-Zowkharthar post is the second trade gate between Myanmar and India. The other trading post is located at Tamu in Sagaing Region and Moreh in Manipur, India, which opened up for regulated trade in 2018. There is also an integrated check post (ICP) in Tamu- Moreh, allowing both Myanmar residents and foreigners to enter India as well as goods on vehicles. Before the pandemic, the Japan International Cooperation Agency had been upgrading a road linking Reed to Tiddim and Kalay in Chin State to improve trade. Myanmar mainly exports betel nuts, beans and pulses as well as garments and plastics to India at the border.
Source: Myanmar Times