India-Bangladesh to start CEPA negotiations, Indian exports to touch $32 billion

[Bilal9]

India-Bangladesh to start CEPA negotiations, Indian exports to touch $32 billion​

Story by Huma Siddiqui • 19 Dec

To firm up the roadmap for negotiations on the India-Bangladesh Comprehensive Economic Partnership Agreement (CEPA), Bangladesh’s commerce minister Tipu Munshi is coming later this week.

During his two-day visit starting December 22-23, Bangladesh's commerce minister Tipu Munshi is expected to meet with his counterpart Minister of Commerce and Industry Trade Piyush Goyal.© Provided by The Financial Express

During his two days visit starting December 22-23, he is expected to meet with his counterpart Minister of Commerce and Industry Trade Piyush Goyal. Financial Express Online has reported earlier that the two countries have already finalized a Joint Feasibility Study related to CEPA.

Importance of CEPA for India​

The two sides are keen to conclude the CEPA agreement as it is expected to help in boosting trade and investments between the two neighbors and more importantly it will help in enhancing trade in Eastern and North Eastern region.

In 2021, when Prime Minister Narendra Modi had visited Dhaka, the two sides had decided to conclude the Joint Feasibility Study related to the agreement fast.

Earlier this year in September, Bangladeshi Prime Minister Sheikh Hasina met her Indian counterpart Narendra Modi in New Delhi and the focus was on various aspects of bilateral relations as well as deepening of cooperation in energy, food security, connectivity and more. The two leaders are keen to conclude CEPA as that could double India’s exports to neighboring Bangladesh to over $32 billion.

Based on the information available in the public domain, so far India has exported almost $16.15 billion in FY2022. There has been an increase of almost 66 percent from $9.69 in the previous year, and this means Bangladesh is the fourth largest destination for India’s exports.


According to sources, during the forthcoming visit of the minister from the neighboring country, formal negotiations will start. Once this agreement is in place, this will help in boosting trade and investments between the two countries especially in the Eastern and North Eastern Region.

Financial Express Online has reported earlier that in CEPA negotiations Intellectual Property Rights (IPR), investment, e commerce and trade in goods and services will be covered.

Also Read
CEPA, maritime security on Bangladesh PM’s visit agenda next month

At the end of the bilateral meeting between the two leaders in New Delhi this year, the joint statement emphasized the signing of CEPA and it stated that leaders directed the trade officials on both sides to start negotiations within the calendar year of 2022. Both sides are keen to conclude the negotiations at the earliest just in time for Bangladesh’s final graduation from LDC status.

Neighborhood First​

The focus of the visit will also be on getting more essential items including wheat from India when the minister arrives. Due to the ongoing Russia-Ukraine war which has led to prices of commodities going up globally, India has once again extended a helping hand to neighbouring countries with supplies.

So far India has extended supplies to low-income countries which are facing acute food shortage as well as fighting against price rise. So far India has exported more than 1.8 million tonnes of wheat to countries including Yemen, Afghanistan, Sudan and Myanmar.

Also Read
Neighbourhood First: FMs of India and Bangladesh to discuss maritime security and FTA later this month

The issue of anti-dumping duties on jute and jute-made products is likely to be raised by Dhaka later in the week. Anti-dumping duty on jute from that country has been imposed by India since January 2017 and this was extended till the end of this year.

(Bilal's note: Since Bangladesh commerce minister Tipu Munshi is a de-facto RAW agent Indian trade facilitator in any case, maybe this should be called a India vs. India trade negotiation.....)

 

[SoulSpokesman]

@Bilal9

Bilal bhai,

Good development. Congratulations to you as well.

Regards

 

[Bilal9]

@Bilal9

Bilal bhai,

Good development. Congratulations to you as well.

Regards

Congrats are all going to go to India for fooling us out of $32 Billion.

By twisting Hasina's arm and employing an Indian (Tipu Munshi) as commerce minister. Here is his RAW agent mug.

We COULD HAVE KEPT THIS $32 BILLION IN BANGLADESH BY MANUFACTURING THINGS LOCALLY INSTEAD OF IMPORTING FROM INDIA.

But India forces us to keep their Industry running. We are now India's 4th largest trade partner.

 

[Skull and Bones]

How much of that $32 billion dollars is raw cotton, rice and grains, medicines, iron and steel?

But people from Bangladesh here claims to live a simple life, and drink salt water in the morning.

 

[walterbibikow]

https://www.thehindubusinessline.com/economy/agri-business/bangladesh-offers-40t-more-to-buy-25-lt-rice-on-g2g-basis-from-india/article66292249.ece

Bangladesh offers 11pc higher price than private trade

Bangladesh is going to import two lakh tonnes of rice under government-to-government deal from India with 11 per cent higher price than that of a private trader, according to reports of Indian newspapers...

www.newagebd.net

 

[SoulSpokesman]

@walterbibikow

Why is G2G trade being priced higher than private trade? Such trades dont even grease palms!

Regards

 

[Skull and Bones]

@walterbibikow

Why is G2G trade being priced higher than private trade? Such trades dont even grease palms!

Regards

There’s already a food crisis going on, and countries are forced to offer a premium to ensure no third party will cut in between.

Thinks are going to get worse, as less fertilizers are available in open market, and wheat harvest in Ukraine is going down.

We should look at Europe to export rice and wheat, as they will offer more premium over Bangladesh.

 

[bluesky]

Congrats are all going to go to India for fooling us out of $32 Billion.

By twisting Hasina's arm and employing an Indian (Tipu Munshi) as commerce minister. Here is his RAW agent mug.

We COULD HAVE KEPT THIS $32 BILLION IN BANGLADESH BY MANUFACTURING THINGS LOCALLY INSTEAD OF IMPORTING FROM INDIA.

But India forces us to keep their Industry running. We are now India's 4th largest trade partner.

India is not fooling BD. It is BAL leaders who are fooling the country. But, I wonder how can BD make payments for the huge import bills.

Perhaps, this is how BAL wants BD to lose its sovereignty. The country now needs a fair election to oust the BAL govt. BAL is a traitor organization since before 1971 with a long-term goal of going under the claws of India.

 

[pikkuboss]

Growth comes with cooperation. Global companies would look towards Bangladesh only if they are assured that they have a big market next door. No matter how cheaper manufacturing in Bangladesh is, no company is going to go in to a country that has no market of its own for Western products or a market next door. This is a good cooperation between both countries with similar relationship as with China and Vietnam. Both benefits from it. Well done Sheikh Hasina, you are a true leader, unlike your stinking lungi countrymen.

 

[Bilal9]

Growth comes with cooperation. Global companies would look towards Bangladesh only if they are assured that they have a big market next door. No matter how cheaper manufacturing in Bangladesh is, no company is going to go in to a country that has no market of its own for Western products or a market next door. This is a good cooperation between both countries with similar relationship as with China and Vietnam. Both benefits from it. Well done Sheikh Hasina, you are a true leader, unlike your stinking lungi countrymen.

Dada - don't spew venom just because you are clueless.

People in Bangladesh were consuming toiletries from England, malt drinks from UK and items from US in the 1960's before the majority of your bhikharee country folks knew WTF these were, much less use them.

Thanks to Pakistani policy of open imports, East Pakistani folks had far better habits of consumption - my own Grand-dad drive around in a Hillman and his neighbors had Austin convertibles. Meanwhile one chappal and cotton kameez wearing Indian marketing lady herself told me that your cheap countrymen did not know what facial or toilet tissue were before the late 1990's.

Cheap-a$$ is as Cheap-a$$ does.

When some of our friends took a Bangladesh produced Vauxhall Viva to Kolkata in 1972, the citizens there were commenting how much better that was rather than your garbage 1940's era Ambys. Even today, low-rate of use notwithstanding, the older Japanese domestic market vehicles that common Bangladeshi folks use are far more modern with way better features than what your Banyas fleece you for in your domestic car market.

Most of your cars don't even have airbags.....good way to bash bloody Indian skulls against windshields in accidents. Indian lives must be cheap, per your Modi administration.

So don't compare your bhikharee country to ours. Try to improve the GDP per capita nominal to somewhat our level then we can talk.

And WTF big market are we talking - mr. big a$$ talker ??

Your Banyas have continued fleecing us so we are now 4th biggest trade partner of India. GLOBALLY.

Does that qualify bhakts to lick our boots? If not - what does ?

 

[walterbibikow]

When some of our friends took a Bangladesh
Your Banyas have continued fleecing us so we are now 4th biggest trade partner of India. GLOBALLY

Nope! Bangladesh is the 6th largest export destination for Indian goods. Forex reserves have gone down so much recently that you guys are unable to import essential items from foreign countries

System on Foreign Trade Performance Analysis (FTPA) Version 3.0

https://tradestat.commerce.gov.in/ftpa/cnt.asp

 

[BananaRepublicUK]

India is not fooling BD. It is BAL leaders who are fooling the country. But, I wonder how can BD make payments for the huge import.

Perhaps, this is how BAL wants BD lose its sovereignty. The country now more needs a fair election to oust the BAL govt. BAL is a traitor organization since before 1971 with a long-term goal of going under the claws of India.

This fool talks about “sovereignty” when he has just posted a puff about amurica that reads like a thank you card from a Thai prostitute!

These dangerous Walter Mittys would bankrupt Bangladesh in months due to their unhinged irrational policies.

Their unhinged hatred of India would drive them to buy things at twice the price.

They would rather worship Uncle Sam than trade with India!!

 

[Bilal9]

Nope! Bangladesh is the 6th largest export destination for Indian goods. Forex reserves have gone down so much recently that you guys are unable to import essential items from foreign countries

https://tradestat.commerce.gov.in/ftpa/cnt.asp

Go check the PTI report - which is more current than this commerce dept. garbage.

If you have issues with Bangladesh reserves and economy then tell your bhakts to not come here like illegal bhikharees looking for jobs.

 

[walterbibikow]

Go check the PTI report - which is more current than this commerce dept. garbage.

Bangladesh was India's fourth largest export destination in FY22 (2021-22)

India's export destinations: Netherlands and Brazil leapfrog ahead

Citing commerce department data, the report highlights that the Netherlands is now India's third-largest export destination. Brazil, India's 20th biggest export destination between April and October 2021, is currently in the eighth position. US & UAE remain on top. While India's total exports...

www.google.com

 

[BananaRepublicUK]

Growth comes with cooperation. Global companies would look towards Bangladesh only if they are assured that they have a big market next door. No matter how cheaper manufacturing in Bangladesh is, no company is going to go in to a country that has no market of its own for Western products or a market next door. This is a good cooperation between both countries with similar relationship as with China and Vietnam. Both benefits from it. Well done Sheikh Hasina, you are a true leader, unlike your stinking lungi countrymen.

These so called “stinking lungi countryman” voted for her father by a whopping majority and has kept her in power for a decade!

Whilst your “countrymen” keeps voting for a xenophobic maniac who was banned by the west until he became PM. And they had no choice but to lift his visa ban!

Think before you insult your neighbour!

Idiots like @Bilal9 and @bluesky do not represent Bangladeshis.

Hasina and her government does!!!