India move to Boost Border Trade with Myanmar
Manipur Government has been working relentlessly to complete construction of the Integrated Check Post (ICP) at Moreh, to give impetus to trade between India and the South Asian Countries, including Myanmar by the end of this year.
The First Imphal-Mandalay service carrying 27 officials was flagged off by the Chief Minister of Manipur on the 10th of December 2015. India’s plans to remove travel bottlenecks with Myanmar, with the bus service from Manipur capital to Mandalay running over poor roads along the border.
During his visit to Myanmar last year, Prime Minister Narendra Modi had signed an agreement with its leaders to construct 71 bridges along this road for Indian buses to ply. The Myanmar government has started construction of two bridges. The Union cabinet has also sanctioned Rs.371 crores for constructing the remaining 69 bridges.
Reserve Bank of India (RBI), in consultation with the Government of India, has decided stop barter trade at the Indo-Myanmar border and switch to normal trade from December 1, 2015. The Governments of India and Myanmar signed Border Trade Agreement on January 21, 1994 and subsequently opened two border trade points/Land Customs Stations (LCS) at Moreh (Manipur) and Zokhawthar (Mizoram).