India turns to Myanmar and ASEAN to boost trade ties amid global economic uncertainties
With increasing economic uncertainties across the globe, it makes immense sense to focus on neighbouring countries and domestic market. India is doing the same by focusing on increasing its trade ties with neighbouring nations, including Myanmar and the Association of South-East Asian Nations (ASEAN) region.
India and Myanmar are working together on a roadmap to facilitate trade between the two nations. Beyond that, India is also looking at utilising its ties with Myanmar to boost trade with the ASEAN, the 10-nation bloc. Commerce Secretary Rita Teaotia notes that the trade route between India and Myanmar has the potential to gain significantly from the ASEAN region. "Just sending goods to each other would not help, so, we will need to work together on a roadmap on how to allow the goods of ASEAN region also and provide them (traders) a secure environment, modern infrastructure and speed of movement," adds Ms Teaotia.
Better infrastructure
This story is from the August 2016 edition of India Business Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 2016 edition of India Business Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Top Crisis
Short-term, consumer-centric measures have left the tomato, onion and potato farmers struggling to eke out a living.
Boon Or Bane?
With some adequate safeguards, the government's e-assessment scheme can be a win-win situation for both tax department and taxpayers.
Revisiting Development
Sustainable development is the way forward for India, which is in the midst of an economic downturn, ecological crises and stark human distress.
The Cabotage Debate
Relaxation of Cabotage rules has pitted foreign shipping lines against domestic shipping companies.
Catch-22
India finds itself in an unenviable position, as it weighs the pros and cons of joining RCEP.
Accept Mistakes Quickly
Anto Binish Kaspar is a firm believer in technology.
We Will Have 30 Franchisees By 2020
Naresh Sharma , CEO , Skora paints
The Revival Conundrum
Along with a patchwork of band-aids, a smart combination of monetary and fiscal measures can get the ailing economy back into the pink of health.
Mahatma Gandhi @150
The Mahatma firmly advocated that this world has enough for everyone's need but not greed. Gandhian economics, no wonder, cannot be more relevant today in times of erratic economic development, jobless growth and adverse climate changes.
Bitterness Lingers
A hike in subsidy does little to boost exports, thanks to a glut in the global market, and leaves sugar prices subdued in the domestic market.
