India’s trade with Bangladesh could double
20/07/2009
Bilateral trade between India and Bangladesh can double by 2011, the Federation of Indian Chambers of Commerce and Industry (FICCI) has said. It has identified certain key sectors as good drivers of better trade ties between the two countries, with leather near the top of the list.
The organisation said in a recent statement that trade between the two countries had increased from $1 billion in fiscal year 2001-02 to nearly $3.2 billion in 2007-08. A 79.4% increase in exports from India to its neighbour to the north was the main reason for this.
It has called for a reduction in tariff levels on both sides of the border, an agreement on rail and barge links for cross-border movement of containerised goods, and a new industrial zone and industrial park for India in Bangladesh.
Share this story:
