Diplomacyindia.com

India-Bangladesh trade conclave in Dhaka on Sunday

India-Bangladesh trade conclave in Dhaka on Sunday
August 24
11:23 2014

Guwahati, Aug 23 The India-Bangladesh Business Conclave will be held in Dhaka Sunday with a focus on enhancing bilateral trade and tapping Bangladesh’s business potential with West Bengal and the northeastern states.

Gen. (retd) V.K. Singh, minister of state for external affairs and for the Development of the North Eastern Region (DoNER), is leading a 31-member delegation from the Indian Chamber of Commerce (ICC).

Meghalaya Chief Minister Mukul Sangma, Tripura’s Industry and Commerce Minister Tapan Chakrabarty, ICC director general Rajeev Singh and government officials will meet Bangladesh Prime Minister Sheikh Hasina Sunday evening.

The ICC and the India-Bangladesh Chamber of Commerce and Industry (IBCCI) with support from the Indian High Commission in Dhaka is organising the conclave.

“The conclave will cover different topics including increasing connectivity between the two countries, development of border trade infrastructure and removal of trade barriers, which will prove beneficial for entrepreneurs of the two countries,” Rajeev Singh said in a statement.

The conclave will give emphasis on issues concerning Bangladesh’s trade ties with the northeastern states and West Bengal.

Bangladesh shares a 4,096-km border with the Indian states of West Bengal, Tripura, Assam, Mizoram and Meghalaya.

Bangladesh is one of India’s important trading partners.

“India is the largest trading partner of Bangladesh. While 15 percent of Bangladeshi imports come from India, export from Bangladesh constitutes less than one percent of India’s import basket,” the statement said.

During 2012-13, Indian export volume to Bangladesh was Rs.280 billion, with 52 percent growth over the previous year against import of only Rs.35 billion and its 24 percent growth, it said.

Even though the trade imbalance has persisted over the years, “corrective measures are being taken”. The conclave will discuss all these issues, it said.

The statement said Bangladesh with its natural resources has the potential to enhance trade ties with West Bengal and northeast India.

Commodities having “comparative trade advantage” include coal, limestone, stone chips, bamboo, cement, palm oil, wheat, sugar, fruit and vegetables, plastic goods, readymade garments, processed food and drinks, it said.

“India has taken a lot of trade liberalisation measures with Bangladesh and has also been reciprocated, paving the way for a much more enhanced and robust bilateral relationship,” it said.

Pankaj Saran, India’s high commissioner in Bangladesh, and the DoNER minister will address a session on “East and North East India’s Emerging Connectivity”.

Salman Zaidi, country director for World Bank in Bangladesh, Nazrul Islam, transport specialist at the Asian Development Bank, and Masihur Rahman, economic affairs advisor to the Bangladesh prime minister, will address another session on development of border trade and infrastructure.

Ministers and officials from Meghalaya, Mizoram, Assam and Tripura will take part in this session.

Indian and Bangladeshi investors and entrepreneurs will also discuss issues like development of infrastructure and removal of existing bottlenecks in border trade at the Benapole-Petrapole border.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

<

On the Eve of 30th Years of Independence of Republic of Uzbekistan, H.E. Dilshod Akhatov, Ambassador of Uzbekistan to India in conversation with Ameya Sathaye, Editor-in-Chief.

Denmark Ambassador to India Freddy Svane in conversation with Amb Pradeep Kapur & Ameya Sathaye, Editor-in-Chief

Italy india will work closely together for G20 : Italy Envoy to India

Do you know why FINLAND is ranked number ONE in Happiness index, watch this interview with Finland Ambassador to India

Exclusive Interview : H.E. Jasem Ibrahem Al Najem Ambassador of Kuwait to India speaks on India Kuwait bilateral relations

ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा 0 comment Read Full Article

H.E. Reuben Gauci, Ambassador of Malta to India speaks on India-Malta Bilateral Relations

Portugal supports India in covid crisis : Portugal Ambassador Carlos Pereira Marques speaks with Ameya Sathaye, Editor-in-Chief

Vietnam Ambassador to India, Pham Sanh Chau speaks on Vietnam support to India in tackling covid crisis

Netherlands supports India in covid crisis : Netherlands Ambassador Marten van den Berg speaks with Ameya Sathaye

Envoy Speaks : Gopal Baglay, Indian High Commissioner to Sri Lanka speaks on Bilateral relations, business opportunities, Tourism & people to people to people contacts

Kuwait reciprocates, we stand with India in this hour of crisis : Kuwait Ambassador to India

Canadian High Commissioner, Nadir Patel speaking on support to India in covid crisis

Italian Ambassador to India, Vincenzo de Luca speaking on Italy support to India in covid crisis

H.E. Mr. Reuben Gauci, Malta High Commissioner to India speaks with Ameya Sathaye, Editor-in-Chief of Malta support to India in covid crisis

Danish Ambassador to India Freddy Svane speaking on Denmark aid to India

Video Interview with Vinod Daniel, CEO, India Vision Institute, Board Member, International Council of Museums & Chairman, Ausheritage

DENMARK AMBASSADOR FREDDY SAVNE VISIT TO CORONOVIRUS VACCINE FACILITY AT HYDERABAD, A TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVT OF INDIA FOR FOREIGN ENVOYS BASED IN INDIA.

MALTA HIGH COMMISSIONER TO INDIA, H.E. REUBEN GAUCI SHARING HIS IMPRESSION ABOUT HIS VISIT TO HYDERABAD : TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVERNMENT OF INDIA FOR ENVOYS BASED IN INDIA TO UPDATE ON CORONAVIRUS VACCINE

H.E. Mr. Dinesh Bhatia, Ambassador of India to Argentina in conversation with Ameya Sathaye, Editor-in-Chief

Pictures of Formal Launch of Website Diplomacyindia.com

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP2Social Auto Publish Powered By : XYZScripts.com