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Hansel

Bangladesh keen to boost bilateral trade with India- Foreign Trade-Economy-News-The Eco... - 0 views

economictimes.indiatimes.com/...4367255.cms

bangladesh trade india bilateral commerce boost

shared by Hansel on 06 Apr 09 - No Cached
  • The Indian delegation, headed by ICC president Sanjay Budhia, while meeting Bangladesh Prime Minister Sheikh Hasina in Dhaka on Monday, expressed willingness to set up an SEZ there. For this, it has sought a suitable 150 acre plot in that country, wherein it may attract Indian investments worth $5 billion, suggested the chamber.
  • Direct investment from India could help Bangladesh reduce its trade deficit with India. Massive investments from Indian corporates, including prominent ICC members will create surplus capacity which would not only improve availability of manufactured goods and diversify its basket of goods for re-export to India, said ICC.
  • During its discussion with the Bangladesh authorities, the Indian delegation has pointed out that sectors like energy, power (both hydel and thermal), steel, communication, healthcare, fertiliser, oil & gas, limestone and forest-based industries like paper, export of plantation crops, spices, fruits, vegetables, flower, herbs and processed foods are some of the areas which can drive a stronger bilateral economic relations between the two countries.
  • ...1 more annotation...
  • Dwelling on hurdles to Indo-Bangla trade, Bangladesh Prime Minister Sheikh Hasina said issues like product codification and quality checking, raised by India, are acting as non-tariff barriers. To remove such bottlenecks, she has asked ICC to take up initiatives in resolving the problem of delays in getting certificates from India on Bangladesh’s exports and lack of testing facilities in the North-East. In this context, she told ICC that her government is working on product specification and upgradation of quality in consultation with Bureau of India Standard (BIS).
  • Hansel on 06 Apr 09
     
    Bangladesh is keen to resolve all issues relating to its connectivity improvement with the North-East and eastern India.
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