BSS, New Delhi :
Dhaka is expected to offer several incentives to attract investments. It will offer permanent resident permits for investing $75,000 and citizenship for investing $500,000.
Deputy high commissioner of Bangladesh in Kolkata Zokey Ahad on Thursday said at a meeting with Bengal Chamber of Commerce and Industry.
He said the focus would be on duty-free access for goods from Dhaka and the use of each other’s land and water routes to send shipments to a third country.
Ahad said the bilateral trade agreement with Bangladesh, which is slated to be renewed this year, is likely to look at more ways to increase trade between the two countries.
The trade pact, which was first signed in 1972 and is renewed every three years, is likely to be made valid for up to 10 years.
“Trade between the two countries reached around $6 billion in the last fiscal. Around one-sixth of Bangladeshi trade, indeed the import, is from India. The bilateral trade balance is heavily tilted towards India-import of Bangladesh stood at around 90 per cent of total trade,” Ahad said.
He said agro-processed items from Bangladesh, which are in great demand in India, had been plagued by time-consuming testing requirements for food items, inadequate facilities in land customs stations, special labelling requirement for jute bags and difficult banking facilities in the Northeast.
Dhaka is expected to offer several incentives to attract investments. It will offer permanent resident permits for investing $75,000 and citizenship for investing $500,000.
Deputy high commissioner of Bangladesh in Kolkata Zokey Ahad on Thursday said at a meeting with Bengal Chamber of Commerce and Industry.
He said the focus would be on duty-free access for goods from Dhaka and the use of each other’s land and water routes to send shipments to a third country.
Ahad said the bilateral trade agreement with Bangladesh, which is slated to be renewed this year, is likely to look at more ways to increase trade between the two countries.
The trade pact, which was first signed in 1972 and is renewed every three years, is likely to be made valid for up to 10 years.
“Trade between the two countries reached around $6 billion in the last fiscal. Around one-sixth of Bangladeshi trade, indeed the import, is from India. The bilateral trade balance is heavily tilted towards India-import of Bangladesh stood at around 90 per cent of total trade,” Ahad said.
He said agro-processed items from Bangladesh, which are in great demand in India, had been plagued by time-consuming testing requirements for food items, inadequate facilities in land customs stations, special labelling requirement for jute bags and difficult banking facilities in the Northeast.
