Indian Northeast states' trade with Bangladesh set to rise

[animelive]

Trade between Bangladesh and the northeastern states of India has been increasing every year, and the volume of trade this fiscal is expected to be around Rs500 crore with Tripura alone.

"Trade between Bangladesh and Tripura alone has increased from Rs4.12 crore in 1995-1996 to Rs330.60 crore in the last financial year. During the current fiscal (2012-13), the trade is expected to increase to Rs500 crore," Tripura Commerce and Industries Minister Jitendra Chowdhury told reporters in Agartala on Monday, reports IANS.

He said: "Trade between Bangladesh and other northeastern states, including Meghalaya, has also been increasing every year."

Bangladesh and India have agreed to set up a number of 'Border Haats' (border markets) along the boundaries, which, if opened, are expected to witness bilateral trade worth $20 million every year.

India and Bangladesh set up the first such 'Border Haat' at Kalaichar in West Garo Hills district of Meghalaya last year.

Dhaka and New Delhi are keen to set up eight more border markets along the India-Bangladesh border in the northeastern states.

"The Bangladesh government has already agreed to India's proposal to set up four border haats along the border with Tripura. Study is on to set up four more border haats in Mizoram," a Bangladesh government official said.

Full Story UNBconnect... - Indian Northeast states' trade with Bangladesh set to rise

 

[eastwatch]

Trade between Bangladesh and the northeastern states of India has been increasing every year, and the volume of trade this fiscal is expected to be around Rs500 crore with Tripura alone.

"Trade between Bangladesh and Tripura alone has increased from Rs4.12 crore in 1995-1996 to Rs330.60 crore in the last financial year. During the current fiscal (2012-13), the trade is expected to increase to Rs500 crore," Tripura Commerce and Industries Minister Jitendra Chowdhury told reporters in Agartala on Monday, reports IANS.

He said: "Trade between Bangladesh and other northeastern states, including Meghalaya, has also been increasing every year."

Bangladesh and India have agreed to set up a number of 'Border Haats' (border markets) along the boundaries, which, if opened, are expected to witness bilateral trade worth $20 million every year.

India and Bangladesh set up the first such 'Border Haat' at Kalaichar in West Garo Hills district of Meghalaya last year.

Dhaka and New Delhi are keen to set up eight more border markets along the India-Bangladesh border in the northeastern states.

"The Bangladesh government has already agreed to India's proposal to set up four border haats along the border with Tripura. Study is on to set up four more border haats in Mizoram," a Bangladesh government official said.

Full Story UNBconnect... - Indian Northeast states' trade with Bangladesh set to rise

500 crores of Rupees (not Taka) means a big amount of trade money. It is almost $100 million. This proves the potentiality of Indian NE as an exporter to and importer from Bangladesh when only with Tripura the trade is $100 million.

Union govt of India should take concrete steps to increase NE trade with BD. A trade with Bd will also open ways in the future to export NE goods through BD. Delhi should allow freedom to the NE govts to engage in trade talks unilaterally with BD without Delhi interference. Paperworks become shorter that way, central bureaucratic tanglings are bypassed and trade volume increases.

Without Delhi's interference the BD-NE trade will keep on rising. This will jumpstart NE economic development without Delhi losing anything. Less bureaucracy is what is needed for quick decision and quick transfer of goods.

 

[hankau62]

Without Delhi's interference the BD-NE trade will keep on rising. This will jumpstart NE economic development without Delhi losing anything. Less bureaucracy is what is needed for quick decision and quick transfer of goods.

Good for both countries. Proper trading infrastructure should be built on both side of the border at many places to increase the trade volume. This will help to build trust among both nation.