India and Bangladesh hold Commerce Secretary Level Meeting in New Delhi

0
1565
INDO Bangla Flags
INDO Bangla Flags
0 0
Azadi Ka Amrit Mahoutsav

InterServer Web Hosting and VPS
Read Time:2 Minute, 33 Second

India and Bangladesh hold Commerce Secretary Level Meeting in New Delhi

Significant progress made on multimodal connectivity between India and Bangladesh

Joint study on India-Bangladesh CEPA to be finalized soon

By PIB Delhi

The Commerce Secretary level meeting between India and Bangladesh was held in New Delhi on 4th March 2022. The Indian delegation was led by Commerce Secretary, Government of India, Shri B.V.R. Subrahmanyam and the Bangladesh delegation was led by Senior Secretary, Ministry of Commerce, Government of Bangladesh, Mr. Tapan Kanti Ghosh.

Both sides held extensive discussions on a variety of issues of mutual interest, including development of railway infrastructure, port infrastructure, Joint Study on Comprehensive Economic Partnership Agreement (CEPA), Border Haats, Regional connectivity through MultiModal Transportation, Harmonization of Standards, Mutual Recognition Agreement. 

Of the many issues discussed, progress on the following agenda items was appreciated by the delegation of both the countries: –

·       Significant growth in the bilateral trade between the two countries in recent years -Bangladesh is the 6th largest trade partner of India.

·       For facilitation of trade between India-Bangladesh through railways

a)    For developing container handling facility at Sirajganj Bazar a Detailed Project Proposal (DPP) approved.

b)    For running freight trains between India-Bangladesh, 900 metre new siding line constructed at Benapole.

c)     For allowing import of all commodities from India by rail via Darsana, the construction of loading and unloading platform completed at Darshana.

d)    For development of Rail and Road based ICD at Ishwardi, the DPP approved.

·       Consensus over the use of returning empty railway wagons/containers by Bangladesh – this would reduce overall logistics cost of India’s exports to Bangladesh.

·       Border Haats – the ones closed due to covid restriction would be opened soon

·       24×7 operationalization of Petrapole-Benapole Integrated Check Post (ICP) to be implemented soon

·       Substantive progress made on ICP /Land Customs Stations

·       Regional connectivity through multi-modal transport to be strengthened between the two countries.

·       CEPA study to be finalized at the earliest  

·       CEO forum to have the first meeting soon

The meeting was preceded by the 14th meeting of the Joint Working Group (JWG) on Trade, at the level of Joint/Additional Secretaries of the Ministry of Commerce and Industry, Govt of India and Ministry of Commerce, Govt of Bangladesh on 2-3 March 2022 in New Delhi. Comprehensive discussions were held on various areas of mutual interest. 

It was agreed that the next meetings of the JWG and Commerce Secretaries will be held in Bangladesh, at mutually convenient dates. 

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Advertisements

USD





LEAVE A REPLY

Please enter your comment!
Please enter your name here