Bangladesh-India trade can further boost through addressing barriers: Tipu

DHAKA, Jan 11, 2021 (BSS) – Commerce Minister Tipu Munshi today said that
there is ample scope for further boosting the bilateral trade between
Bangladesh and India through addressing the trade barriers.

The Minister said this when Indian High Commissioner to Dhaka Vikram K
Doraiswami met him at his office at Bangladesh Secretariat, said a Ministry
press release.

Terming India as a tested friend of Bangladesh, Tipu said that a close
trade and economic relationship exists between the two countries.

He noted that discussion could be held between the two countries to
address the non tariff barriers while the bilateral trade could be further
boosted through improving the customs management in the border.

“For this, both the countries will have to take necessary initiatives as
well as to take necessary measures for removing the existing trade related
complexities. Initiatives will be taken in this regard as it’s possible to
ensure a peaceful solution of all problems through working sincerely.” he
added.

The Commerce Minister also hoped that the existing problems would be
resolved speedily since an opportunity has come to initiate discussion
afresh.

Echoing with the Commerce Minister, the Indian High Commissioner said
there is enough scope for further boosting the bilateral trade between
Bangladesh and India while all the existing problems between the two
countries could be resolved through discussions.

Doraiswami said that a scope for initiating import and export operations
has been created through construction of a bridge along Ramgarh border where
customs house and immigration formalities could be launched to further boost
trade and connectivity.

He said the people of this region including Tripura would be benefitted
for this initiative adding that necessary measures would be undertaken to
simplify the customs formalities along the border.

According to official data, Bangladesh exports goods worth $1,096.38
million to India in the last fiscal year (2019-20) against the imports of
goods worth $5,774 million. Once the trade related complexities are addressed
properly, the export of Bangladeshi products to India would further get a
boost.

SOURCE NEWS

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