The Governments of Bangladesh and Bhutan finalized the terms and conditions of the preferential trade agreement (PTA) on 16 June 2020. The PTA aims to increase bilateral trade between the two nations.
Tags: Bangladesh, Bhutan, Trade, Bilateral Agreement
Mr. Mansukh L. Mandaviya, Minister of State for Shipping, Road Transport and Chemical and Fertilizer, Government of India, informed the Rajya Sabha (Council of States) that the Sittwe Port in Myanmar is ready to operate. India will take over the operations of Sittwe Port, as agreed in the bilateral memorandum of understanding signed by the Governments of India and Myanmar. The Sittwe Port is part of the Kaladan Multi Modal Transit Transport Project, and was constructed with assistance from the G
Tags: India, Myanmar, Bilateral Agreement
A Sri Lanka-Bangladesh Chamber of Commerce and Industry business delegation held a meeting with the Bangladesh Investment Development Authority to discuss bilateral trade and investment expansion between Bangladesh and Sri Lanka. Sri Lankan businessmen expressed desire to take advantage of Bangladesh's business-friendly environment. According to Mr. Aminul, Sri Lankan entrepreneurs are interested to invest in LPG wholesaling, the financial sector, information technology, and port logistics.
Tags: Bangladesh, Sri Lanka, Investment, Bilateral Agreement, ICT, Ports
The 9th Annual Ministerial Meeting of Landlocked Developing Countries (LLDCs) on Trade and Transport was held to discussed key issues in transport, transit cooperation, trade, and trade facilitation among LLDCs. Bhutan and Nepal sent delegations to the Meeting. They highlighted initiatives being taken to connect their countries to the global market, including bilateral agreements in the Bangladesh-Bhutan-India-Nepal subregion and the SASEC Trade Facilitation Program.
Tags: Trade, Trade Facilitation, Sustainable Development Goals, Cooperation, Connectivity, Bilateral Agreement, Bilateral Trade, Bangladesh, Bhutan, Nepal, SASEC, India, Transport, Ports, Customs, Roads, Single Window
Ms. Nirmala Sitharaman, Minister of State for Commerce and Industry, India, urged India and member countries of the Association of Southeast Asian Nations (ASEAN) to bolster efforts to increase bilateral trade and investment, and improve road and sea transport links. She urged a review of the ASEAN-India Trade in Goods Agreement to facilitate elimination of technical barriers to trade, and promoted transformation of the India-Southeast Asia transport corridors into economic corridors.
Tags: India, ASEAN, Bilateral Agreement, Investments, Roads, Transport
The Second India-Bhutan Joint Working Group on Customs highlighted the possibility of facilitating bilateral trade in select land Customs stations along Bhutan-India borders; and discussed streamlining Customs procedures and document requirements at entry and exit points. It also agreed to open three more trading points between Bhutan and India, and discussed issues including development of Goods and Service Tax in India.
Tags: India, Bhutan, Customs, Trade, Trade Facilitation, Bilateral Agreement