1.2.2. Trade

♤ A bilateral Trade Agreement was signed in 1970. Bilateral trade has been growing steadily to reach US$2178.44 million (2016-17), of which Indian exports amounted to US$1111.19 million and Indian's imports to US$1067.25 million.

♤ India is the fifth largest trading partner of Myanmar but trade remains below potential. Agriculture sector dominates trade, particularly supply of beans & pulses to India ($ 809million, 2016-17) and timber ($ 156 million).

♤ India's exports to Myanmar include sugar ($ 424 million), pharmaceuticals ($ 184 million), etc.

♤ Border trade via Moreh and Zawkhatar reached to $ 87.89 million; Indian exports being $

24.44 million and Indian imports being $ 63.46 million.

♤ India is presently the tenth largest investor with an approved investment of US$ 740.64 million by 25 Indian companies (as of 30Jun 2017). Most India's investments have been in oil & gas sector. 100% FDI is allowed in select sectors. Indian companies have evinced interest in investing in Myanmar and major contracts have been won by Indian companies.