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Cut trade barriers

Commerce minister spurs Indian businesses to boost trade with Bangladesh by minimising all obstacles

Our Correspondent, New Delhi
Bangladesh has voiced concern over several non-tariff and para-tariff barriers to trade with India, saying these need to be brought down to a minimum level.
"An issue of concern for our business community at the moment is the existence of several non-tariff and paratariff barriers to our bilateral trade," visiting Bangladesh Commerce Minister GM Quader said yesterday.
"We need to bring these to a minimum level for boosting bilateral trade. We also want simplification of some rules and regulations that impede sound business relations," he added.
Quader was speaking at the annual general meeting of Bengal Chamber of Commerce and Industry in Kolkata.
The minister said traders in Bangladesh would particularly appreciate an improvement in land port facilities on the Indian side of the border.
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He pointed out that non-acceptance of quality certificates of many Bangladeshi products by the Indian authorities at the border was another bottleneck in the bilateral trade.
Accreditation of Bangladesh Standard and Testing Institute by the National Accreditation Board for Testing and Calibration Laboratories of India was necessary to help overcome the non-tariff barriers, he observed.
Quader told the meeting that Bangladesh was actively considering a request from Indian business community to allow investment in its exclusive economic zones.
Total trade volume between the two countries stood over $5 billion, where India's share was $4,743.30 million and Bangladesh's $498.42 million.
The minister said Bangladesh is still optimistic about a Teesta river water-sharing treaty with India taking shape despite opposition from West Bengal.
"The Indian premier has agreed to the treaty in principle and is trying to resolve the matter. We are not worried and we are hopeful that it will happen," Quader said on the sidelines of the meeting.
On the ban on export of hilsa fish from Bangladesh, he said his country was continuously monitoring the supply level of the fish and once it improved, the ban would be lifted.