In­dia pro­poses FTA with Bangladesh

Maritime Gateway - - News -

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.

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