- 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.
News from the movements
23-Mar-2017 Front anti APE et anti CFA - SénégalLe comité de pilotage du Front anti Accords de Partenariat Economique (APE) et anti franc CFA après avoir apprécié la situation politique, économique et sociale actuelle a pris des décisions importantes.
22-Mar-2017 S2BJoint civil society statement on the Eu-Japan free trade agreement.
22-Mar-2017 G20 ProtestsLa “Semana de solidaridad global” contra el G20 nos dará la oportunidad de expresar el otro mundo y nuestra convicción de que es posible.
17-Mar-2017 No al TTIP
Taller de formación: ‘El Tratado de los Pueblos y las normas vinculantes de la ONU. Alternativas al TTIP, CETA, TiSA’El taller se impartirá de forma presencial en Madrid y se transmitirá en tiempo real.
Ces « zones libres » en Europe qui privilégient les alternatives locales face au néolibéralisme globalDes élus volontaristes pourront-ils, demain, soutenir la relocalisation de l’économie, favoriser les aliments bios et locaux dans les cantines scolaires ou reprendre la main sur la gestion de l’eau ou de l’énergie ?
15-Mar-2017 Tele SurRiot police clashed with protesters in Viña Del Mar, where representatives of the 11 remaining member states of the Trans Pacific Partnership together with China, Colombia and South Korea met.
15-Mar-2017 Tele SurActivists have a message for trade ministers meeting in Chile: the TPP is dead.
11-Mar-2017 No al TTIP
Invitación webinar: ¿Un ISDS multilateral? La propuesta de la Comisión Europea para un ‘Tribunal Multilateral de Inversiones’Este webinar presentará la propuesta de la Comisión Europea así como varias perspectivas críticas sobre el tema.
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.