Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, May 31, 2020 01:18:55 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Trade between BD and India must be balanced

By
16th-May-2019       
Share
  • Twitter
  • Google+
  • Save
  • E-mail
  • Print
Comments
Share your thought
Post a comment »
Read all () »

BANGLADESH Commerce Minister Tipu Munshi on Tuesday requested his Indian counterpart Suresh Prabhu to take necessary measures to withdraw anti-dumping duty on Bangladeshi products as they met on the sidelines of WTO ministerial meeting in New Delhi. Despite a general duty-free access of Bangladeshi products, several Indian states often impose taxes if the imported products appeared to be huge in volume. The jute products and battery could be mentioned as the examples of such Bangladeshi products to face additional duties in Indian market. However, Indian minister said that New Delhi was keen to keep the momentum of the existing, the best ever relations, between the two countries and further assured that he will take all necessary measures to address the requests from Bangladesh.
We know, the   trade   relationship   can put a   significant   effect   on   bilateral   relationship.   The geographical proximity of India to Bangladesh has made it one of its largest trading partners. Bangladesh's trade with India has become speedy in recent years. Even so, there  are  pressing  concerns  in Bangladesh regarding the large bilateral trade deficit (with India) and the large volumes of informal imports from  India  across  the  borders  which  usually dodge  Bangladeshi  import  duties. Furthermore, to accelerate the trade relation dozens of Border Haats have been set up where commodities  are  allowed  to  be  exchanged  in  local  currency  and/or barter  basis.  
There is no doubt that, the trade between Bnagladesh and India has significant contribution to the economy of both countries. When Bangladesh has got efficiency in producing some products at that time India has also achieved efficiency in some other sectors. So, the common theory of economics is that; Bangladesh will export those products which have her absolute advantage. And so does India.
What's important is that, apart from trade benefits India is also getting transit facilities - rail, road, and riverine- from Bangladesh at a minimum cost. We hope, the trade gap between the two countries will be reduced in the future and India will allow Bangladeshi goods in increased volume apparently with relaxing duties. A balanced trade will bring good for the economic health of the both countries. 

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Not only Libya, but many other countries also treat our migrant workers brutally


MEDIA reports on Saturday said Bangladesh government has sought justice from the internationally recognized Libyan government for the killing of 26 Bangladeshi nationals and the infliction of fatal injuries to 11 more in an incident in which a group of unruly militias opened fire on them in a desert. They ...

Cricket »

Ashraful becomes father of a baby boy


Sports Reporter :Former national cricketer Mohammad Ashraful became father of a baby boy on Friday last. It is his second baby. Earlier, Mohammad Ashraful became father in 2016. She is a baby girl. Her name is Ariba Tasneem Ashraful. Mohammad Ashraful gave a status on his Facebook on Friday. He ...

City »

Secretary General of BNP Mirza Fakhrul Islam Alamgir along with party colleagues placing floral wreath at the Mazar of the Founder of BNP and former President Ziaur Rahman in the city on Saturday marking martyrdom anniversary of the latter.


Back Page »

DHAKA`S NATURE IS THRIVING: The air quality of the capital city has improved tremendously due to lack of vehicular movement amid the ongoing coronavirus lockdown. The lush greenery spread over the city with trees planted on road dividers look like a green carpet. This photo was taken from new Jurain Road on Thursday.


Editorial »

Economic challenges of corona aftermath can only be met by knowledge and competence


ACCORDING to the International Labour Organization (ILO) job prospects for the youth have been vastly reduced in Bangladesh. For youths to be provided paths for a positive future, education and skills training are essential. Young women workers -- who were already struggling in low-paid and informal sector jobs -- are ...

Cricket »

Morgan suggests Alex Hales` return to England set-up `might take some more time`


Agency :England limited-overs captain Eoin Morgan has hinted that Alex Hales may need to wait a little longer before returning to the international fold.There has been some speculation that, with England preparing to effectively run two separate squads for Tests and limited-overs matches in a revamped summer, Nottinghamshire batsman Hales ...

City »

President Md. Abdul Hamid offering munajat after Eid-ul-Fitr Namaz at Darbar Hall of Bangabhaban in the city on Monday.


.

Back Page »

Thousands of devotees attend the Jumatul Wida, the last Friday of the holy month of Ramadan, prayers at Baitul Mukarram National Mosque in the capital, seeking divine blessings for peace and progress of Bangladesh and unity of the Muslim Ummah.


Editorial »

Eid-ul-Fitr is not celebration in the midst of killer corona, observe safety guidelines


EID Mubarak! The nation will celebrate the Eid-ul-Fitr either on Sunday or Monday (subject to sighting of the moon) after the   month-long fasting but there is hardly any mood or environment for celebration in the people amid the surging outbreak of coronavirus.The two months lockdown has rendered the poor people ...

City »

Members of Bangladesh Air Force engaged in removing uprooted and broken trees in the cyclone Amphan-hit areas. The snap was taken from Bhasanchar, Patuakhali on Friday.


.

Sports »

China`s Wang Qiang enjoying time without professional tennis


Agency :Chinese tennis player Wang Qiang, world No.29 in women's singles, told media on Thursday that she is enjoying the days without professional tennis."To be honest, I feel quite good to be able to sit back during this period of time after having traveled and played over many years to ...

Editorial »

Official orders cannot force proper treatment at hospitals


THE Health Ministry issued a warning in the last week of March that no government or private hospital could refuse to provide treatment to any patient from now on. Later, on April 4, the Health Minister said that the government would take stern actions, including cancelling licences, if private hospitals ...

City »

Samajtantrik Chhatra Front formed a human chain in front of the Jatiya Press Club on Thursday demanding enhancement of allocation in health and research sector.


.

Editorial »

Private teachers` suffering should be paid heed to


With no salaries, the majority of teachers at private schools, colleges, and universities suffer in silence before Eid. This socially respected group cannot ask for help to the government or NGOs, not can stand in front of OMS or TCB truck for buying staples and kitchen essentials at a subsidised ...

City »

Prime Minister Sheikh Hasina speaking at a meeting of the National Disaster Management Council from her official residence Ganabhaban through video-conference on Wednesday to review the preparations to face cyclone Amphan.


 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news