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<h1>Rupee Kyat trade settlement mechanism to promote local currency bilateral commerce and enhance cross border trade facilitation and ties.</h1> The meeting advanced a framework for enhancing bilateral commercial cooperation through a new Rupee-Kyat trade settlement mechanism to promote local currency transactions, and identified priority sectors-Shipping, Textile, Health, Power, Transport & Connectivity, ICT including 5G, and MSMEs-for regulatory alignment and capacity building. Participants also committed to expedite the review of the ASEAN-India Trade in Goods Agreement (AITIGA) to simplify procedures, improve user friendliness, and enhance trade facilitation for businesses.