Business Leaders Call for Industrial Zone in Panchagarh, Bangladesh
17 July 2016
Business leaders at the recent Bangladesh, Bhutan, India, Nepal (BBIN) Business Forum and Expo said they want to see an industrial zone in Panchagarh, Bangladesh, as this would be close to Biratnagar in Nepal, Phuntsholing in Bhutan, and Siliguri in India.
The BBIN Business Forum and Expo in Shiliguri was organized by the Indian Chamber of Commerce and Industry (ICC) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) with the aim of boosting regional trade among the four countries.
Forum participants noted that setting up an industrial zone in Panchagarh will allow workers from the four countries to find jobs and entrepreneurs to set up investments. The suggested economic zone could take advantage of the BBIN Motor Vehicles Agreement (MVA) signed on 15 June 2015.
The BBIN MVA is a landmark agreement that allows passenger vehicles and freight vehicles to cross swiftly and easily from one country into another. The Agreement will help improve the efficiency of transport and trade facilitation in the region.
The FBCCI, the ICC, the Bhutan Chamber of Commerce, and the Federation of Nepal Chamber of Commerce and Industry launched a BBIN Business Forum in Kolkata on the same day.