Finance
Bangladesh-India Trade To increase trade with India, complications must be removed: Commerce Minister
Dhaka, December 21: Commerce Minister Tipu Munshi has said that complications must be removed to increase trade with India.
The minister said this in an exchange meeting with India's High Commissioner Pranay Verma at the Secretariat in the Ministry of Commerce on Tuesday (December 20).
He said that India is a close friend of Bangladesh and a major trading partner. There is a huge demand for Bangladeshi products in the Indian market. There is an opportunity to increase the export of these products. If the trade is facilitated, Bangladesh's product exports will increase a lot and the trade gap between the two countries will decrease.
Bangladesh is now able to supply international quality products at relatively low prices, said the Commerce Minister.
He said, for this reason, it is necessary to increase the capacity of the land ports on the Bangladesh-India border. Complexity needs to be removed to increase trade.
He further said that the border huts have created a lot of interest among the people of both countries. People of the seven sister states of India have benefited. This makes the people of both countries happy. If visa issuance becomes easier, people's movement will increase. The people of both countries will benefit from this. Bangladesh is interested in increasing the export of products to the Indian market, for which the Indian government needs sincere cooperation.
High Commissioner Pranay Verma said that Bangladesh is a good friend of India. The Indian government has always given more importance to Bangladesh. India's trade and cooperation with Bangladesh have increased. The communication system has improved. Along with air, road, and sea connectivity has improved. Bangladesh's communication with India's bordering states has become easier. As a result, the business of both countries has increased.
Pointing out that the people of both countries have benefited from the establishment of road as well as train connectivity, Prannoy Verma said that both countries have benefited due to the transportation of goods through containers by rail. Meanwhile, the construction of pipelines for the transportation of petroleum products has been completed. It is expected that it will be possible to use this pipeline from February next year. It will benefit the people of both countries. Bangladesh will benefit from importing electricity from Nepal and Bhutan through India. It is expected that the trade and cooperation between the two countries will increase in the coming days.
