A two-day exhibition cum buyer-seller meet between Bangladeshi and Indian entrepreneurs began on Saturday.
August 26, 2006 (Press Release) --
A two-day exhibition cum buyer-seller meet between Bangladeshi and Indian entrepreneurs began on Saturday at the Dhaka Chamber of Commerce and Industry (DCCI) auditorium in the city to enhance the business volume of the two countries.
Inaugurating the Exhibition State Minister for Finance and Planning Shah Muhammad Abul Hussain sought full support from India to increase the volume of export of Bangladeshi goods to Indian markets under South Asian Free Trade Agreement (SAFTA).
“India should come forward to reduce the trade gap between the two friendly neighboring countries through implementing the SAFTA by ensuring non-imposition of tariff, Para tariff, standardizing and testing barriers by India on our export products,” the State Minister said.
Dhaka Chamber of Commerce and Industry, Indian High Commission in Dhaka and Chemical and Allied Products Export Promotion Council (CAPEXIL) of India jointly organized the indoor exhibition, which will conclude today (Sunday) at 5mp.
Samir Kumar Ghosh, Chairman of the CAPEXIL, DN Srivastava, Minister (Economic and Commerical) and Indian High Commission in Dhaka, among others, addressed the inaugural session of the exhibition with DCCI President MA Momen in the chair.
MA Momen marked Bangladesh as the regional business hub with convenient access to international sea and air routes saying, “But we could not utilize the existing potentials for regional trade to boost trade volume between the two countries.
“The amount of our inter-regional trade is only 5 per cent of our total trade whereas inter-regional trade of European Union (EU) is 55 per cent, North American Free Trade Agreement (NAFTA) 51 per cent and Association of South East Asian Nations (ASEAN) is 20 per cent of their total trade,” Momen informed the meet.
He called upon the business persons of both the countries to organize such buyer-seller meets and exhibitions frequently to increase the inter-regional trade up to 30 per cent of total trade.
DN Srivastava underscored the need for frequent interaction between the business communities of both the countries to increase the inter-regional trade volumes.
He emphasized on diversification of the Bangladeshi products instead of depending on only few conventional items.
“In the recent days the volume of export from Bangladesh to India has already increased and it will continue to increase in further,” Srivastava hoped.
Samir Kumar Ghosh, who is leading a 13-member delegation from CAPEXIL of Kolkata said, “I have come to Dhaka not only for business but also to carry goodwill of India for the people of Bangladesh and hope that this joint endeavor will promote bilateral trade between these two neighboring countries.”
He said, “I am confident, representatives of both the countries would be able to come to a decision for signing the Free Trade Agreement (FTA) on win-win basis giving further boost to enhance the volume of trade between India and Bangladesh.”
“We understand, serious consideration is going on for signing the FTA between the two friendly countries,” he added.
Introducing the CAPEXIL Ghosh said it is an organization set up by the Ministry of Commerce of the Government of India in 1958 with the objective to promote export of chemicals and allied products.
Inaugurating the Exhibition State Minister for Finance and Planning Shah Muhammad Abul Hussain sought full support from India to increase the volume of export of Bangladeshi goods to Indian markets under South Asian Free Trade Agreement (SAFTA).
“India should come forward to reduce the trade gap between the two friendly neighboring countries through implementing the SAFTA by ensuring non-imposition of tariff, Para tariff, standardizing and testing barriers by India on our export products,” the State Minister said.
Dhaka Chamber of Commerce and Industry, Indian High Commission in Dhaka and Chemical and Allied Products Export Promotion Council (CAPEXIL) of India jointly organized the indoor exhibition, which will conclude today (Sunday) at 5mp.
Samir Kumar Ghosh, Chairman of the CAPEXIL, DN Srivastava, Minister (Economic and Commerical) and Indian High Commission in Dhaka, among others, addressed the inaugural session of the exhibition with DCCI President MA Momen in the chair.
MA Momen marked Bangladesh as the regional business hub with convenient access to international sea and air routes saying, “But we could not utilize the existing potentials for regional trade to boost trade volume between the two countries.
“The amount of our inter-regional trade is only 5 per cent of our total trade whereas inter-regional trade of European Union (EU) is 55 per cent, North American Free Trade Agreement (NAFTA) 51 per cent and Association of South East Asian Nations (ASEAN) is 20 per cent of their total trade,” Momen informed the meet.
He called upon the business persons of both the countries to organize such buyer-seller meets and exhibitions frequently to increase the inter-regional trade up to 30 per cent of total trade.
DN Srivastava underscored the need for frequent interaction between the business communities of both the countries to increase the inter-regional trade volumes.
He emphasized on diversification of the Bangladeshi products instead of depending on only few conventional items.
“In the recent days the volume of export from Bangladesh to India has already increased and it will continue to increase in further,” Srivastava hoped.
Samir Kumar Ghosh, who is leading a 13-member delegation from CAPEXIL of Kolkata said, “I have come to Dhaka not only for business but also to carry goodwill of India for the people of Bangladesh and hope that this joint endeavor will promote bilateral trade between these two neighboring countries.”
He said, “I am confident, representatives of both the countries would be able to come to a decision for signing the Free Trade Agreement (FTA) on win-win basis giving further boost to enhance the volume of trade between India and Bangladesh.”
“We understand, serious consideration is going on for signing the FTA between the two friendly countries,” he added.
Introducing the CAPEXIL Ghosh said it is an organization set up by the Ministry of Commerce of the Government of India in 1958 with the objective to promote export of chemicals and allied products.
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