India-Myanmar Border "Haats" Performing Well

8 March 2017

Informal trading in the Northeast region's border 'haats' (rural markets) between India and Myanmar is doing very well, reported Mr. Najib Shah, Chairman of India's Central Board of Excise and Customs. The Government of India is considering opening more border haats to promote trade ties with its neighbors.

Trade through border haats helps boost local trade and increase people-to-people contact. The first haat between India and Myanmar was set up at Pangsu Pass, adjacent to Sagaing Region (Myanmar) and Arunachal Pradesh (India). The memorandum of understanding to establish border haats along the Indo-Myanmar border was signed in May 2012 during the visit to Myanmar of former India Prime Minister Manmohan Singh.


Related Links:

ADB Country Partnership Strategy to Accelerate India’s Economic Transition

The Asian Development Bank (ADB) endorsed a new India Country Partnership Strategy (CPS) 2018-2022 that...

ADB Blog: What Multimodal Parks Can Do for Logistics in India

The Asian Development Bank (ADB) is currently conducting a pre-feasibility study to gauge the suitability of four multi-modal...

Commentary: Boosting Business in the Bangladesh Corridor

This commentary by Mr. Sanjay Kathuria, Lead Economist and Coordinator, South Asia Regional Integration, World Bank Trade and...

Trade Facilitation Center for Handicrafts Inaugurated in Varanasi

India Prime Minister Narendra Modi inaugurated the Deendayal Hastkala Sankul, a trade facilitation center for handicrafts, at the...

Freight Train Service to Run for Dhaka-Kolkata

In an effort to increase bilateral trade between Bangladesh and India – currently running at about $6 billion...

BIMSTEC to Finalize MVA and Coastal Shipping Agreement

At the sidelines of BIMSTEC Expo 2017, on 15 September 2017 in Kolkata, India, Mr. Prashant Agrawal, Indian...

ADB Vice President: RCI Can Help Bhutan Develop Full Potential

Mr. Wencai Zhang, Vice President, Asian Development Bank (ADB), encouraged the active participation of Bhutan in regional cooperation...