India proposes FTA with Bangladesh
India has proposed Bangladesh to consider negotiating a free trade agreement including goods, services and investment to promote two-way commerce and investments. Commerce and Industry Minister Suresh Prabhu has said that after Bangladesh graduates from the least developed country status, it will no longer have duty-free and quota-free access for its products to the Indian market under SAFTA. In view of this, he proposed that India and Bangladesh may consider signing a Comprehensive Economic Partnership Agreement (CEPA) which would trade in goods and services and investments. The two-way trade between the countries increased to $9.3 billion in 2017-18 from $7.52 billion in the previous fiscal.