September 23, 2022

Bangladesh and India should tackle non-tariff barriers

Bangladesh and India should tackle non-tariff barriers to facilitate and boost bilateral trade, said Md Jashim Uddin, President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

He also urged the Indian government to remove anti-dumping duties on jute and float glass.

He made the call during a meeting on “New Horizons in India-Bangladesh Economic Relations” jointly organized by the FBCCI and the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi. tuesday.

Jashim Uddin also urged the leaders of the two countries to improve trade facilities at ports, reduce procedural bottlenecks, upgrade testing facilities in port areas and eliminate logistical disruptions in the value chain driven on export.

These measures would help the two countries take full advantage of the South Asian Free Trade Area (SAFTA), he said.

FBCCI Chairman in another meeting yesterday urged Indian investors to utilize Bangladesh’s liberal investment ecosystem, growing domestic market, international market access facilities and one-stop services unique offered by Bangladesh Investment Development Authority.

A high-level Bangladeshi business delegation led by the Chairman of FBCCI is visiting India in the entourage of Prime Minister Sheikh Hasina. The delegation arrived in India on Monday.

Bangladesh’s geopolitical situation offers huge business opportunities for various sectors and products, including ceramic and glassware, said Tipu Munshi, Minister of Commerce, who is also currently in India with the Prime Minister.

“Bangladesh has very progressive and industry-friendly policies. Business can really take us to a level where everyone can see a better life in both India and Bangladesh.”

“Agriculture has been one of Bangladesh’s many success stories and in today’s post-pandemic world, food security has been key for every country,” said Salman F Rahman, Investment and Private Industry Advisor. to Prime Minister Sheikh Hasina.

“We want to further capitalize on our manufacturing capabilities as well as agricultural processing activities in Bangladesh,” he said.

“We need to further strengthen Bangladesh-India relations in areas that will help bring benefits to the peoples of both countries in a way that is sustainable and based on mutual respect and trust,” said G Kishan Reddy, Minister for North East Region Development, Tourism and Culture in India.