Union
Minister of State for Commerce Jairam Ramesh
has announced that free trade would be
introduced in place of the current border
trade on 22 selected items between India and
neighbouring country Myanmar.
What would this mean
for economic growth of Manipur? What are
some of the aspects of the Border Trade
Agreement that needs improvement. For
instance Banking and cold storage facilities
definitely comes to our mind. And who is
responsible to look into this matter?---
ManipurOnline
Blog
Even
though, Union Minister for Commerce
Jairam Ramesh announced that free trade
would be introduced in place of the
current border trade on 22 selected
items between India and Myanmar, it
restricted participation by a third
country. An increasing component of this
border trade has also to do with rising
flow of fakes and contraband items,
which is dwarfing the legal trade.
Mention may be made of Chinese and Thai
products figuring in the goods being
traded.
Picture Courtesy: The BBC
Thought of the Week-------
Union Minister of State for
Commerce Jairam Ramesh has
announced that free trade would
be introduced in place of the
current border trade on 22
selected items between India and
Myanmar. No third country would
be allowed to enter the trade
however. He further announced
that the Indian Government has a
plan to construct a modern
integrated customs and land
building at an estimated cost of
Rs 70 crores at Moreh for
further development of border
trade. It should also be noted
that modern banking facilities
should be set up to help traders
get rid of high costs and delay
in reimbursement. Also, the law
and order situation should be
tightened so as to allow conduct
of free trade. This is one
aspect in the economic realm of
Manipur that could have a huge
potential for economic growth in
Manipur and North-East in
general.
