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Bangladesh-India 'buyer-seller meet' begins

Businesses talk further trade opportunities

Star Business Report
Bangladeshi and Indian businesspeople yesterday began a two-day face-to-face meet in Dhaka to explore further trade opportunities and exchange views on resolving problems to doing business.
Local businessmen hope that the 'buyer-seller meet' will give the Indian traders first-hand knowledge about Bangladeshi exportable items though they have come here to find prospective buyers of their own products.
"The meet has offered the Bangladeshi businessmen a chance to physically see the packaging materials and chemical products of India and meet with the manufacturers also," DCCI President Fazle RM Hasan said.
On the other hand, the Indian traders will have a look on some of the exportable items from Bangladesh such as furniture, ceramics, textile, Jamdani saree and dresses, melamine, food products and pharmaceuticals, he added.
A total of 31 Indian companies are taking part at the meet, second of its kind in Bangladesh, putting a
wide range of products on display at Hotel Sarina in Banani, in a bid to find buyers from Bangladesh.
The Chemical and Allied Products Export Promotion Council (CAPEXIL) of India and Indian High Commission in Dhaka organised the meet in collaboration with Dhaka Chamber of Commerce and Industry (DCCI).
Inaugurating the meeting, Commerce Minister Amir Khosru Mahmud Chowdhury appreciated the move and said exchange of views and interactive business meetings have no alternative in this globalised world.
Veena Sikri, Indian high commissioner in Dhaka, RR Das, minister (economic and commerce) of the Indian High Commission, CAPEXIL Chairman AMSG Ashokan and Senior Vice-chairman SK Ghosh also spoke at the inaugural ceremony.
The Indian envoy laid emphasis on more interactions among the businesspeople of the two countries to reduce trade imbalance. "We have already set up a joint working group with DCCI and Chittagong Chamber in this regard."
In 2002-03, Bangladesh's
imports from India were $1353 million while exports to India were $84 million, which shows a trade deficit of $1269 million.
DCCI President Hasan however said Bangladeshi lead acid battery exporters are not happy with the Indian government's decision to increase duty on the exports of the item from 65 percent to 200-250 percent.
Bangladeshi cement, lead acid battery, ceramics, melamine, cosmetics, toiletries, processed foods, beverages could have a good market in India particularly in the northeastern states, he told the Indian traders.
CAPEXIL and Indian High Commission in collaboration with Chittagong Chamber of Commerce and Industry (CCCI) will arrange a similar two-day meet in Chittagong thatwill begin on Monday.
RR Das, minister (E&C) of the Indian High Commission, requested the DCCI president to arrange a buyer-seller meet in Calcutta. "The Indian government will extend all out support to hold the meet," he assured.