Bangladesh and India Focus on Deepening Bilateral Trade in Commerce Secretary-level Talk

8 February 2018

Bangladesh and India held a Commerce Secretary-level meeting on 7-8 February 2018 in Dhaka, Bangladesh. The meeting was led by Mr. Shubhashish Bose, Secretary, Ministry of Commerce, Government of Bangladesh, and Ms. Rita Teaotia, Secretary, Ministry of Commerce, Government of India. The discussions focused on issues concerning bilateral trade and economic relations, which including infrastructure upgrading at border trading points; expansion of border haats (markets); identification and resolution of non-tariff issues affecting bilateral trade; regional connectivity under the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicle Agreement; and ease of investment.

A news release by the Government of India noted that the meeting was “extensive and productive.” Outcomes included the following:

1. The Bangladesh and India delegations concurred on infrastructure and facilities upgrade for land customs ports along their shared borders. They reaffirmed continued commitment to efficient offloading of goods.

2. They agreed in principle to establish more border haats. Commending the performance of the four existing border haats, the Bangladesh and India delegations agreed to fast-track the procedure to set up six more border haats in the next six months.

3. Bangladesh noted that the proposal to allow more exportable items from India to Bangladesh's land customs ports is being studied.

4. India requested for duty-free facilities for its sugar exports to Bangladesh.

5. Bangladesh requested to access India's airports for third country trade, and a proposed to access India's Kolkata port to conduct export and import activities. Bangladesh hopes that this move will further attract Indian foreign direct investment in designated special economic zones on the West Bengal border.

6. Bangladesh thanked India for granting recognition of certificates issued by the Bangladesh Standards and Testing Institute for 21 food items, and followed up on their request for recognition of certificates for six remaining items.

 

Related Links:

Nepal and Bangladesh are set to sign an energy cooperation agreement to oversee electricity trade between the two...

Read More


The Ministries of Foreign Affairs (MoFA) of Myanmar and Nepal have signed an MoU establishing a bilateral consultation...

Read More


The World Bank (WB) has recently released its latest figures for logistics performance. WB’s Logistics Performance Index (LPI)...

Read More


The Government of Nepal is awaiting Cabinet approval of the draft protocol of the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicle...

Read More


The Governments of Bangladesh and India are considering development of "border haats" (border markets) in six new locations...

Read More


The Asian Development Bank (ADB) is committed to supporting the development of India’s East Coast Economic Corridor (ECEC),...

Read More


The Government of Sri Lanka's Department of Commerce launched the Sri Lanka Trade Information Portal...

Read More