- 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
24-Aug-2016 Deutsche WelleHundreds of thousands of protesters are expected to take to the streets in several German cities to rally against plans to move forward with two key international trade agreements - one year after a similar protest managed to attract similar numbers.
23-Aug-2016 APRNNeither the TPP nor the RCEP, neither the US nor China and their corporations will ever address the long-standing people’s aspiration for an international trading system that responds to their needs.
23-Aug-2016 ScoopCivil society groups, trade unions, church groups, environmentalists, gender activists and many more are calling for Ministers to make no decision on PACER-Plus — a free trade agreement between Australia, New Zealand and the Pacific Islands — until there has been a proper social impact assessment and mandate from the Pacific people who are most likely to be affected.
22-Aug-2016 Radio New ZealandA meeting on Pacific labour mobility under the PACER Plus trade deal has a glaring omission – the voices of organised labour.
Avec de nouveaux accords commerciaux, le vol organisé par les multinationales est légalisé et les semences paysannes deviennent illégalesDe nouveaux accords de libre-échange légalisent le vol organisé par les grandes entreprises et mettent en péril la possibilité pour les agriculteurs de conserver, produire et échanger des semences.
22-Aug-2016 El PaísEl secretario de Relaciones Internacionales del Pit-Cnt, Fernando Gambera, afirmó tras participar del XVI Foro Social Mundial realizado en Montreal (Canadá) que los Tratado de Libre Comercio (TLC) son una preocupación para todas las centrales sindicales porque "apuntan a degradar las conquistas de los trabajadores".
22-Aug-2016 Premium TimesSocial Action has asked the federal government to not to sign the Economic Partnership Agreement with the European Union. Ghana and Ivory Coast have also resisted the EPA
18-Aug-2016 ALAIEl poder corporativo transnacional tiende a fortalecerse por medio del impulso de diversos tratados o de inversiones, que se orientan a profundizar la desregulación de los grandes capitales, y que constituyen verdaderos candados jurídicos a políticas reformistas orientadas al bien común.
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.