In a message to commemorate International Customs Day 2018, Mr. Kunio Mikuriya, Secretary General, World Customs Organization (WCO), examines what it means to truly promote a secure business environment through Customs to foster participation in cross-border trade. He urges WCO and its members to contribute to building business environments that are enabling, safe, and fair and sustainable.
Tags: Customs, WCO, Small and Medium Enterprises, Trade Facilitation Agreement, WTO
India has formed the India-Myanmar Chamber of Commerce (IMCC) in Yangon to increase trade between the two countries, which currently stands at around $2 billion. IMCC will focus on helping Indian business invest in Myanmar and vice versa.
Tags: Agriculture, Exports, Imports, India, Infrastructure, Renewable Energy, Small and Medium Enterprises, Thailand, Trade, Transport
India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, gave its approval for a $253,406,409 project to be implemented by the state-run National Highways and Infrastructure Development Corporation. The project, part of the SASEC Road Connectivity Investment Program, will upgrade and widen 65 kilometers of the Imphal-Moreh section of National Highway 39 in northeastern India.
Tags: India, Road, SASEC, Small and Medium Enterprises, Transport
A 1,400 kilometer highway will soon connect South and Southeast Asia by linking India with Myanmar and Thailand. Mr. Bhagwant Singh Bishnoi, Indian Ambassador to Thailand, noted that the tri-nation highway exemplifies India's "Act East" policy, and will facilitate transit of goods and further development of SMEs in north India. The three countries are currently working to finalize negotiations for the groundbreaking India-Myanmar-Thailand Motor Vehicle Agreement.
Tags: India, Myanmar, Thailand, Trade Facilitation, Infrastructure, Small and Medium Enterprises