New Delhi, Nov 12 (FN Bureau) India needs to look for a proposed review of the Comprehensive Economic Cooperation Agreement (CECA) with Singapore, Union Minister of State for External Affairs Rajkumar Ranjan Singh said here on Saturday. “We need to look for a proposed review of CECA with Singapore and connect with people all around the globe. We are also exploring and building connectivity going beyond physical connect, where international air connection remains one of the prime focuses,” the minister said while addressing the 94th annual session of the Indian Chamber of Commerce here. The minister stressed the need to work on evolving economic trends by involving different corporates and investors, “as we should not depend on what we are comfortable with and understand consumer wants”.
Dwelling on India-Myanmar Trade Relations, Myanmar Minister of Commerce Aung Naing Oo, said, “India has been changing since 2014. Our country is getting digitised now. We can now see mobile phones in every village we visit, they have good connectivity. ‘ Today, wherever we go and show our passport, we are respected. Reforms are happening but how you perceive it is on you. India is witnessing a massive change, banking on understanding data related to consumer wants. Initiatives are in place to partner with start-ups,” he said. The Myanmarese minister said You all think how to make things better but I say initiatives must be starting from you. Many changes are happening amid us but in case you know how to come out of that adversity you can make changes.If you need to succeed the Chinese then you need to make goods of that quality.
Markets demand quality. If you believe in quality you will triumph in the market. India has gained G20 Presidency, so we should set such benchmarks for the people.” Delivering an address on India @ 2047- Role of East & North East Region, Minister of State, Road Transport & Highways and Civil Aviation General Vijay Kumar Singh (Retd.), said Myanmar and India have been in a very close relationship with respect to trade and tourism. “Diversifying the use of currency from nearby countries has become a new process to foster bilateral ties. Myanmar is growing rapidly and its post-covid economy has also improved. It wishes to engage with different countries and they have a comfort line with Russia. Connectivity will be considered in government-to-government relations. “Both the Indian and Myanmar governments have started the initiative and also the financial minister is using the global currency to deliberate affairs,” he said.
Referring to Myanmar as a hub of garments. he said 30 percent of the product is shipped to Europe and Eastern Asian countries. “We can make use of ICC as a bridge and develop India to connect with different ports. Myanmar government policies are developing the linkage with India and it is our top priority too. H said being a long-standing trade partner, Myanmar is doing everything to offer India economic stability through trade and tourism. “We understand trade negotiations and ICC will be obliged to be a part to connect with different initiatives to build relationships with our neighbouring states,” he added.