Tofail urges India to remove trade barriers

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DHAKA : Commerce Minister Tofail Ahmed today urged India to take steps so that tariff and non-tariff barriers cannot hinder bilateral trade.

“Export-import should be increased by barriers to Bangladesh’s trade with India,” he said while holding a meeting with Indian Trade and Industries Minister Nirmala Sitaraman at Vishakhapatnam in Andhroprodesh in India.

Tofail Ahmed called on the Indian Minister after attending the inaugural function of a two-day partnership summit organized by Indian Chamber of Commerce and Ministry for Trade and Industries, said an official release here.

Referring to imposition of anti-dumping duty by India on jute goods from Bangladesh, the commerce minister said this will adversely import export of jute products.

He stressed the need for lifting anti-dumping taxes and holding official talks to remove trade barriers.

Bangladesh cannot export expected volume of goods to India because of trade barriers, he added.

Besides, in the partnership summit, the minister addressed the plenary session titled ‘Towards Achieving Sustained Economic and Trade Growth: Can Asia Lead?”

He said Bangladesh is progressing fast in social and economic sectors under the dynamic leadership of Prime Minister Sheikh Hasina.

The current GDP growth rate in Bangladesh is 7.11 against 7.6 in India, he added.

Bangladesh is the second largest exporting country in this region after India with an export volume of US$ 34 billion, Tofail Ahmed said, adding that the global research organizations have appreciated Bangladesh’s advancement.

Andhroprodesh Chief Minister Nara Chandro Babu Naidu presided over the session while Indian Finance Minister Arun Jaitley was present as the chief guest.

Indian Trade and Industries Minister Nirmala Sitaramn, United Arab Emirates Economy Minister Sultan Bin Sayed and Sri Lankan Trade Minister Rishad Nath were present.

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