More than 200 businesses from India and Bangladesh held a virtual conference and trade fair on Wednesday.
The meeting brought together key stakeholders from trade bodies and the governments on a common platform for strengthening cooperation between the two countries in the agri-food sector.
Speaking on the occasion, High Commissioner of India to Bangladesh Vikram Doraiswami said that India offered a vast consumer market available to Bangladesh products under the Duty Free Quota Free (DFQF) system under SAFTA since 2011. He said that the vast consumer market of India offers enormous opportunities for the quality products from Bangladesh. The Comprehensive Economic Partnership Agreement (CEPA) under active discussion between the two governments will be a game changer for bilateral trade partnership, said the High Commissioner. He emphasised the importance of finalising reciprocal arrangements with regard to the safety standards and rapid upgradiation of logistics to enhance such trade.
Chairman of the Bangladesh Land Port Authority Md. Alamgir said that the government is in the process of phased development and upgradation of landports worth BDT 1.5 billion starting with landports at Benapole, Sutarkandi, Belonia nd Ramgarh.
President of India Bangladesh Chamber of Commerce and Industry (IBCCI) Abdul Matlub Ahmad urged the multilateral agencies and private sector to invest in the development of Inland Container Depots (ICD), Cold Storages and warehousing facilities at the Land Custom Stations .
An E-Catalogue for the virtual Buyer Seller meet was released during the meeting followed by the virtual trade fair B2B meeting and interaction between exporters and importers.