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Myanmar Port of Sittwe to Open Up North East India Trade

A $120 million port and multimodal transport project in Myanmar will open up international trade with India’s isolated North East provinces, JOC reports. As part of a recent bilateral trade deal signed by Myanmar and India, the two countries pledged to complete the scheme linking the provinces to Sittwe port in Myanmar overland via India's Mizoram by 2013. The port requires extensive dredging and the construction of new terminals but once operational will offer direct sailings to enable shippers to pick up mainline services Kolkata. The two countries also pledged to double bilateral trade to $3 billion by 2015 by reducing trade tariffs. Raed more at http://www.joc.com/portsterminals/myanmar-port-open-north-east-india-trade

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