With focal point on deciding the negotiation roadmap for India-Bangladesh Comprehensive Economic Partnership Settlement (CEPA), Bangladesh’s commerce minister Tipu Munshi will be on India divulge over with subsequent week. He will preserve talks with Indian trade minister Piyush Goyal on 22nd and 23rd December sooner or later of the controversy over with. Each and each countries maintain already finalised a Joint Feasibility Inquire in relation to CEPA.
The CEPA pact, when signed, might per chance per chance per chance be the first major such accord Dhaka has with any enormous nation in Asia. The India-Bangladesh joint assertion issued after Bangladesh PM Hasina’s India divulge over with earlier this year and assembly with PM Modi had a key emphasis on signing of the trade pact. The joint assertion stated that the leaders “directed trade officers on all aspects to begin up negotiations within the calendar year 2022 and to full these on the earliest, in time for Bangladesh’s final graduation from LDC assign.”
Bangladesh is India’s greatest trade partner in South Asia and India is the second greatest trade partner of Bangladesh in Asia. No subject the disruptions as a consequence of Covid pandemic, bilateral trade grew at virtually 44% from US$ 10.78 billion in FY 2020-21 to US$ 18.14 billion in FY 2021-22. India is furthermore Bangladesh’s largest export destination in Asia.
All around the Bangladesh trade minister’s divulge over with, Dhaka’s focal point will furthermore be on getting extra important items cherish wheat from India. Amid the Russia-Ukraine war, prices of commodities globally maintain elevated and Original Delhi is reaching out to neighbours with provides. To wait on low-profits countries combat in opposition to mark upward push and shortage of foodstuff, India has exported extra than 1.8 million tonnes of wheat to countries in want, at the side of Afghanistan, Myanmar, Sudan, and Yemen.
Dhaka will furthermore boost the declare of anti-dumping tasks on Bangladesh’s jute and jute-made products. India had imposed an anti-dumping responsibility on Bangladesh jute in January 2017 which has been prolonged till 31st December this year.
