Bangladesh, India to boost trade through land routes

Image
Press Trust of India Dhaka
Last Updated : Oct 23 2013 | 3:46 PM IST
Bangladesh and India have framed plans to boost bilateral trade by increasing the capacities of 16 land customs stations and allowing the passage of vehicles through these points, officials said today.
"We want to implement the decisions in a practical and time-bound manner," Indian Revenue Secretary Sumit Bose told a news briefing here along with Bangladesh's Board of Revenue (NBR) Chairman Mohammad Ghulam Hussain.
They were speaking after a two-day meeting of the Joint Group of Customs.
The 16 land customs stations were selected from over 180 points on the basis of their strategic location and the two sides decided to synchronise their office hours, extend car pass system to these stations and allow customs officials free movements across the border for instant resolution of problems, they said.
"The car pass system will also be extended to these stations for unloading imported goods and customs officials will be allowed to enter the other country without a visa to solve problems...Local problems should be solved locally," Hussein said.
The car pass system is already in place at Benapole- Petrapole crossing and several other land ports to expedite release of goods. Bangladesh proposed the introduction of the system at other land ports so that trucks could directly unload goods into warehouses.
According to the minutes of the meeting, both sides decided to exchange export-import related information like assessed value and weight of goods to cut pilferage in revenue, particularly for Bangladesh, and to stop the misdeclaration of traded goods.
Both countries also agreed to keep open customs offices on both sides of the Benapole-Patrapole and Akhaura-Agartala land ports seven days a week to facilitate trade.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 23 2013 | 3:46 PM IST

Next Story