Cii, Bangla To Identify Ways To Boost Trade

The Confederation of Indian Industry, in collaboration with the Federation of Bangladesh Commerce and Industry, has instituted a study to identify the areas of business between the two nations to reduce the trade gap. The two bodies will meet in May with their report and a final proposal stating the industry recommendations will be placed before the respective governments.

At present, the trade ratio between India and Bangladesh is 98:2, whereby India exports goods worth $1 billion and imports $70 million from Bangladesh. One of the suggestions made by the Bangladeshi industry is to promote Indian investment in their country through joint ventures and collaborations.

Joint venture products made in Bangladesh could be exempted from import taxes and have free entry into India, suggests FBCI..