cotton, cereals, edible vegetables, sugar, vehicles and parts thereof.
One of the major capital good that Bangladesh exports to India include electric accumulators. It is being reported that by 2011, the Bangladesh exports to India would touch $ 1 bn.
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To further bolster the economic ties between the two neighbors, a slew of measures have been recommended including decrease of tariff levels on both sides to accelerate market access and to put in place an all-encompassing Motor Vehicular Agreement for free movement of cargo to the delivery point.
The FICCI has also recommended an agreement on rail link for cross-border movement of container and simplification of export licensing and banking procedures for import financing.
The government of Dhaka is also exploring the possibility of setting up of a single-window clearance for new and investment proposals in Bangladesh.
Both the governments are exploring the possibility of letting direct container movement by barges from Kolkata to Narayanganj, comprising varied consumer durable items
The FICCI has chosen key sectors for speeding up trade ties between the two countries. They sectors include: textiles, leather, frozen foods and fisheries, jute, chemicals, agro based industries, FMCG, engineering, and petro chemicals, ceramic, pharmaceuticals, steel and infrastructure. |
