India is not allergic to goods coming in from any country, including China, as long as their origin is properly identified and the applicable customs tariffs paid, Commerce Secretary Rita Teaotia has said.
“We do not have any problems with goods from China being imported as these are required as intermediates to manufacturing. What we require is proper `rules of origin’ certification so that the appropriate customs tariffs are applied. Legitimate trade has to move,” Teaotia said at the launch of a report on `Enhancing India-Myanmar Border Trade’ brought out by research body RIS on Wednesday.
The official said that both India and Myanmar will have to work on improving infrastructure on both sides of the land border. “A road-map has to be prepared on how to allow more goods through land not just from Myanmar but also from other neighbouring countries including the entire ASEAN region,” she said.
The opening of State Bank of India’s banking branch in Myanmar by October—the first by any Indian bank—will do its bit in promoting trade between the two countries, she said.
India-Myanmar bilateral trade has increased from $1.3 billion in 2010 to $2 billion in 2014, of which $1.2 billion were India’s imports