- About bilaterals.org
- Feb-2016: New ISDS platform launched
- Sep-2004: Launch announcement
- Feb-2015: Relaunch of bilaterals.org
- Mar-2013: Relaunch of bilaterals.org
- Jun-2009: Relaunch of bilaterals.org
- Dec-2008: An update from bilaterals.org and logo design contest announcement
- Dec-2006: bilaterals.org in Spanish & French
- Sep-2006: Update from bilaterals.org
- How to participate
- Key issues
- Texts of agreements
BD-India bilateral trade up by 20pc
Financial Express, Bangladesh
BD-India bilateral trade up by 20pc
By Nizam Ahmed
22 December 2012
Bilateral trade between Bangladesh and India rose nearly 20 per cent to more than US$ 4.50 billion in the fiscal year (FY) 2011-12 following reduction of sensitive lists by the relevant authorities in both the countries in late 2011.
During the period exports from India to Bangladesh rose more than 17 per cent to nearly $ 4.0 billion while exports from Bangladesh to India rose some 32 per cent to nearly $ 600 million, according to updated data at the ministry of commerce (MoC).
The bilateral trade between the two countries crossed $ 2.0 billion in the first five months of the current FY.
The both-way trade is expected to cross $ 5.0 billion-mark at the end of the ongoing fiscal year as exports from Bangladesh to India are growing gradually, traders said.
The bilateral trade between the two countries was worth around $ 3.0 billion in the FY 2009-2010, said the updated MoC data.
The official trade has been rising after the two countries reduced respective sensitive lists in 2011.
India reduced its sensitive list for the least developed countries (LDCs) including Bangladesh under the South Asian Free Trade Area (SAFTA) agreement, from 480 items to 25 items only.
In response, for the sake of improved regional trade, Bangladesh also reduced its SAFTA sensitive list for non-LDCs including India from 1,241 items to 993 items.
The items removed from the sensitive lists are no more subject to customs duty.
Meanwhile both the governments have taken steps to reduce tariff and non-tariff barriers to bilateral trade. But traders in Bangladesh complain that their exports to India are still facing several non-tariff and para-tariff barriers.
Bangladesh traders have also called on Indian authorities through respective businesses and diplomatic channels to remove the remaining barriers.
In the sensitive list of India some 48 garment products were also included for which Indian Prime Minister Dr Manmohan Singh made special announcement during his Bangladesh visit in September 2011.
Since then Bangladesh exports to India started increasing gradually despite of existence of steep para-tariff and non-tariff barriers.
"Had there been no para-tariff and non-tariff barriers Bangladesh could have exported much more products especially in the northeast states of India," Bangladesh Garment Manufacturers and Exporters Association Vice President Nasir Uddin Chowdhury told the FE.
Without removing the barriers the objective of reducing sensitive list by India for giving preference to LDCs will not be fulfilled, the BGMEA VP said.
Besides barriers, insincerity of a section of Indian importers also discourages garment exports from Bangladesh.
Bangladeshi exporters alleged recently that more than 20 RMG exporters from Bangladesh did not get full payment worth $ 500,000 in recent months.
Upcoming days of action
Oct to Nov: autumn of action against CETA in Europe incl. Austria, Belgium, Bulgaria, France, Italy, Germany, Greece, Netherland, Slovenia, Spain... - details
27-28 Oct: mobilisation in Brussels against CETA - contact
03-05 Nov: mobilisation in Brussels against TTIP - contact
4 Nov: Continental day for democracy and against FTAs & neoliberalism in Latin America - contact
Any edits, please contact us
News from the movements
20-Oct-2016 El DiarioHoy es un día clave en la defensa de la democracia tal y como la hemos entendido hasta ahora.
20-Oct-2016 Bangkok PostAccess to affordable medicine and farmers’ control over seeds could be undermined by the Regional Comprehensive Economic Partnership being negotiated between Asean member countries and six other trade partners, says FTA Watch in Thailand
20-Oct-2016 CEOA close look at the controversial EU-Canada trade deal shows that concerns blocking its ratification are well-founded.
19-Oct-2016 Telesur“We don’t want what happened to us to happen to the people in Dakota,” Piaguaje told teleSUR.
18-Oct-2016 Peoples WorldIn protests billed as “anti-colonial” demonstrations, Peruvians hit the streets on 12 October against the Trans-Pacific Partnership and the Trade in Services Agreement
17-Oct-2016 No al TTIPEn el marco de una semana repleta de protestas para detener la aprobación del tratado de libre comercio entre la Unión Europea y Estados Unidos (TTIP) y la ratificación del CETA (el acuerdo de la Unión Europea con Canadá), la plataforma estatal ‘No al TTIP’ ha movilizado este sábado a miles de personas a lo largo de la geografía española y muy especialmente en la capital de España.
17-Oct-2016 Stop TTIPOver 100 law professors from across Europe have come together to send a clear message to EU decision makers demanding the investor protection mechanisms be excluded from TTIP and CETA.
17-Oct-2016 The Jakarta PostAn activist group is calling on the government to not ratify the ASEAN Regional Comprehensive Economic Partnership (RCEP) clause on International Union for the Protection of New Varieties of Plants (UPOV) 1991, saying that it will increase global corporations’ monopolistic control over small farmers.
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.