NEW DELHI: The Center will do everything possible to ensure that Manipur takes full advantage of the Free Trade Agreement (FTA) as the state is a gateway to Myanmar and the ASEAN countries, said the Union Minister Piyush Goyal.
The minister said so on Saturday during an interaction with industry bodies in Manipur.
India and the block of 10 ASEAN countries implemented an FTA in January 2010.
Under a free trade agreement, two trading partners reduce or eliminate tariffs on the maximum number of goods traded between them. In addition, they liberalize standards to improve trade in services and stimulate investment.
The members of the Association of Southeast Asian Nations (Asean) are Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Myanmar, Cambodia, Brunei and Laos.
“The Union Minister also assured that his ministry would do everything possible to ensure that Manipur takes full advantage of the free trade agreement, as the state is a gateway to Myanmar and the countries of the Union. ‘Asean, “an official statement said on Sunday.
Goyal said that a lot of effort has been made and special infrastructure development projects have been launched for the promotion of industry, commerce and commerce in the region, including the Northern Industrial Development Program. – Is and the sanction of integrated development and the promotion of industrial projects.
He also urged industry bodies to undertake cooperative enterprises and start-ups to promote industry and commerce as well as share common technologies and platforms to optimize the outcome of the efforts.
“The northeastern states will be taken care of to go on their own identity and not rush to Delhi or Kolkata for every problem,” he added.
During the interaction, representatives of state industrial unions who participated include the Manipur Chamber of Commerce and Industry, the Indo-Myanmar Border Traders Union, the Entrepreneurs Association of all Manipur, Business Excellence Group, Manipur Looms Development Association, Manipur Hand Loom and Handicraft Entrepreneurs. Artisans Development Society.
They raised questions regarding the need to introduce a system of transit rights, the reduction of visa fees, the opening of trade-related offices, the DGFT, Exim Bank and RBI exchange units in Imphal, the development of ‘a multimodal logistics park, transport subsidies for exporting and import traders, upgrading of Imphal airport with cold storage facilities and a customs office.


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