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Northeast trade bodies sign MoU with Burma
March 6, 2007: Two Northeast Indian and a Burmese trade body, part of a Burmese trade delegation visiting India, signed a trilateral memorandum of understanding (MoU) on late Sunday night to boost Indo-Burmese border trade.
The (MoU) was signed by the Industries &Trade Fair Association of Assam (ITFAA), Indo-Myanmar Border Traders' Union of Manipur (IMBTU) and the Union of Myanmar Border Trade Chamber of Commerce (UMBTCC), Burma.
The three trade bodies decided to work together in boosting bilateral trade between North East India and Burma by involving more traders, the Industries & Trade Fair Association of Assam Secretary, ITFAA Rupam Mahanta said today.
The members of the three trade bodies also agreed to hold a meeting in Moreh, Manipur in three months to exchange views about ongoing border trade.
The trade bodies signed the MoU following a threadbare discussion.
The MoU was signed by President Jatin Hazarika, Secretary Rajeev Das on behalf of ITFAA, President W Nabachandra Singh, Secretary General Ph.
Ibotombi Sharma on behalf of IMBTU and President U Hla Maung and Secretary U Aye Ko on behalf of UMBTCC.
A 31-member business delegation from Burma arrived in Guwahati on March 2 on a three-day visit to the state. The delegation comprising senior officials and heads of the companies visited tea gardens, textile units, herbal medicinal plantations and fisheries.
The Indo-Burmese trade pact was signed in 1994 and it became operational in 1995. Since then the volume of trade has not shown an encouraging trend. The Burmese Government sent the delegation to Northeast India to boost ongoing border trade.
Sources: MIZZIMA