In a bid to further bolster trade between India and Bangladesh, New Delhi and Dhaka have explored possibilities for the establishment of an institutional B2B mechanism to provide policy level inputs on trade and investment.
Both the countries have also agreed to explore the possibilities to further enhance bilateral trade relations and cooperation in fields such as export promotion and capacity building on trade related matters and B2B mechanism.
This was decided in a two-day-long meeting that took place in Dhaka between commerce secretaries of both the sides.
“Commerce secretaries of both sides also discussed the establishment of an institutional B2B mechanism to provide policy level inputs on trade and investment,” government official said.
The Indian delegation was led by Rita Teaotia, Commerce Secretary and the Bangladesh delegation was headed by Shubhashish Bose, Secretary, Ministry of Commerce, Government of Bangladesh. The meeting took place on February 7-8.
The two sides held extensive and productive discussions on a variety of issues concerning bilateral trade and economic relations, including development and up-gradation of infrastructure at border trading points, further expansion of the Border Haats of the two countries, identification and resolution of non-tariff issues affecting bilateral trade, regional connectivity under BBIN MVA and ease of investment.
The next bilateral meeting will be held in New Delhi at a mutually convenient date, officials said.