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FTA with India a matter of time: Bangladesh
Bangladesh said it was only a matter of time before Dhaka and New Delhi entered
into a free trade agreement to enhance bilateral trade. FTA between the
two countries is inevitable and only a matter of time; both countries stand
to benefit immensely by signing the agreement, the Bangladesh commerce
minister Mr Altaf Hossain Choudhury said.
He said talks in this regard were going on though there was a need to upgrade
the existing infrastructure at the border for enhancing trade. He said talks
were also in progress for concluding the South Asia Free Trade Agreement (SAFTA)
and other multilateral treaties and that a bilateral agreement between the two
Asian neighbours will not be far away.
The minister said Bangladesh was studying the details of Indias bilateral
free trade agreements with other countries. Mr Choudhury, a former home minister,
said in the interregnum, New Delhi should extend some concessions to products
from Bangladesh exported to India as a goodwill gesture.
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