1 year ago

IETO to Launch Myanmar Trade Council for Enhanced Collaboration

IETO to Launch Myanmar Trade Council for Enhanced Collaboration
IETO to launch dedicated Myanmar Trade Council in Karnataka · thehindubusinessline.com

The Indian Economic Trade Organisation (IETO) is starting a special council to help India and Myanmar trade and work together.

This council will be based in Karnataka, a state in India.

Myanmar wants to trade more with India, especially in things like agriculture, medicine, and energy.

India already trades a lot with Myanmar, selling it things like medicine and steel.

Both countries share a history and culture.

Myanmar is also now part of a big group called the Shanghai Cooperation Organization, which should help them work together even more.

Key facts

Organization
Indian Economic Trade Organisation (IETO)
Council Focus
Myanmar Trade
Location of Council Launch
Karnataka, India
Key Areas of Collaboration
Trade, Education, Technology
Bilateral Trade FY2024-25
$1.8 billion
Myanmar's Recent Affiliation
Shanghai Cooperation Organization (SCO)
Indian Exports to Myanmar
Pharmaceuticals, petroleum, steel, machinery, vehicles
Myanmar Exports to India
Pulses, timber, natural gas, agricultural commodities

Quotes

Zaw Oo

Ambassador of Myanmar to India

“Myanmar welcomes Indian investment and expertise. Our countries are connected not only by borders but by centuries of cultural and economic linkages. As Myanmar integrates further into regional frameworks, India stands as a natural and vital partner—particularly in agriculture, pharmaceuticals, infrastructure and renewable energy.”
thehindubusinessline.com

Asif Iqbal

President of IETO

“Myanmar’s entry into the SCO is a positive step towards greater regional cooperation and stability. IETO will soon launch a dedicated Myanmar Trade Council, with Karnataka—and particularly Bengaluru—poised to benefit from deeper trade, education, and technology collaborations”
thehindubusinessline.com

Sources

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