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Indian High Commissioner to Bangladesh Vikram Kumar Doraiswami has emphasized on the development of waterway infrastructure including land ports and railways to increase trade between Bangladesh and India. He called for the development of physical infrastructure in land ports including Benapole, saying the lack of such services was causing delays in transporting goods. As a result, the cost of doing business is increasing.
He said this while meeting with the president of the Dhaka Chamber of Commerce and Industries (DCCI) at its office in Motijheel on Tuesday (Feb 23, 2021). He emphasized on increasing the use of railways in import and export of goods from both the countries as railways are cost effective in transporting goods and called for enhancing the railway management capacity of Bangladesh for this purpose. Besides, he emphasized on setting up a container depot of the railway in Sirajganj, dredging to increase navigability in several places of the existing waterways and policy reform.
He called upon the traders to work together to increase trade and investment between the two countries. He said there was no impediment to exporting edible oil produced in Bangladesh or imported edible oil to India if it was possible to add at least 20 per cent. He said the Indian government is also working to ensure that the BSTI certification is acceptable in India for the export of goods to India. He hoped that positive results would be obtained in this regard. The Indian High Commissioner also advised the businessmen of the two countries to hold talks with the governments of their respective countries to reduce the cost of transporting goods from Bangladesh to Delhi by sea.
DCCI President Rizwan Rahman said that due to the Customs Rules 2020 Act introduced by the Government of India, there is a problem in getting duty-free access to Bangladeshi products in the Indian market under SAFTA and APTA. He called for a review of the matter. He also highlighted a number of issues, including the high cost of transporting Bangladesh's export-oriented goods by sea to Delhi, India, and stressed the need to address them.
Source: Online/SZK
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