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BD-India trade barriers will be eliminated

Commerce Minister Tipu Munshi said that existing trade barriers in exporting Bangladeshi goods to India will be removed.

Tipu Munshi said during a meeting with the newly appointed Indian High Commissioner, Vikram Kumar Doraiswami, at the Bangladesh Secretariat recently.

BD-India-trade-barriers-eliminated
Figure: In fiscal 2019-20, Bangladesh’s total exports to India were valued at about $1.09 billion while imports from the neighboring nation were around $5.77 billion for that year. Courtesy: Collected

“Bangladeshi entrepreneurs face some difficulties when exporting goods to India. We have chalked out many of these problems, which will now be solved through bilateral discussions,” he added.

Indian market is a key market for Bangladesh as exports to the neighboring nation are on the rise, Munshi said.

He also adding that solving the current issues will profit the country further.

In fiscal 2019-20, Bangladesh’s total exports to India were valued at about $1.09 billion while imports from the neighboring nation were around $5.77 billion for that year.

“Border markets are becoming popular and so, we are going to launch another three border markets as soon as possible,” he said.

Md Shahidul Islam, Additional Secretary to the commerce ministry (FTA), was also present at the meeting.

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