Left Menu
Development News Edition

India, Bangladesh hold discussions on joint study for proposed free trade pact

India, Bangladesh hold discussions on joint study for proposed free trade pact

India and Bangladesh on Thursday held discussions on a joint study for the proposed free trade agreement and harmonisation of standards with a view to boost two-way commerce, the government said on Thursday. "Both sides held extensive discussions on a variety of issues of mutual interest, like Border Haats, joint study for the proposed Comprehensive Economic Partnership Agreement (CEPA), CEOs' Forum, sharing of trade data, regional connectivity initiatives, harmonization of standards, upgradation of border trading infrastructure and facilitation of business visas," the commerce ministry said in a statement.

The CEPA is a free trade agreement under which two trading partners significantly reduce or eliminate imports duties on maximum number of goods traded between them. They also liberalise norms to promote trade in services sector and boost investments. Before initiating formal negotiations for such pacts, trading partners undertake a joint study to see the potential benefits of such agreements.

The two-day commerce secretary level meeting between the two sides was concluded here on Thursday. The meeting, it said, was preceded by the 12th meeting of the Joint Working Group on trade.

In a separate statement, the ministry said that the first session of India-Norway dialogue on trade and investment was convened here. Both the sides discussed issues of various areas like blue economy, shipping and maritime, ICT, renewable energy and the micro, small and medium enterprises.

"Both the sides exchanged views on investment opportunities available in the respective countries," it said. The Department for Promotion of Industry and Internal Trade (DPIIT) highlighted various policy initiatives of the government for promoting investment in the country.

Cumulative FDI equity inflows to India from Norway during April 2000 to September 2019 were around USD 257 million.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



Beware! Maximum cyber criminals eye your personal data

A report of the World Economic Forum revealed that cyber security is increasingly becoming an issue of public security as the majority of cyber criminals are increasingly targetting individual internet users. This requires preventive measur...

WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...


Latest News

Leipzig stars slammed for flying in celebrity barber before defeat

Berlin, Jan 28 AFP A group of RB Leipzig stars has been slammed as decadent by a senior figure at the Bundesliga leaders for bringing a celebrity barber over from England to give haircuts before their shock defeat at Eintracht Frankfurt las...

20 killed in bus-autorickshaw crash; vehicles fall in well

At least 20 people were killed when a speeding state transport ST bus collided with an auto -rickshaw, causing both the vehicles to fall into a roadside well in Maharashtras Nashik district on Tuesday, police said. More than 18 people also...

UPDATE 1-U.S. charges Harvard professor with lying about role in Chinese research

The U.S. government on Tuesday charged a Harvard University department chair with lying about his dealings with Chinese research agencies while receiving federal research funding.Prosecutors charged Charles Lieber, chair of Harvard Universi...

IndiGo suspends comedian Kamra from flying for 6 months for 'heckling' Arnab Goswami

IndiGo on Tuesday suspended stand-up comedian Kunal Kamra from flying with it for six months after he allegedly heckled journalist Arnab Goswami aboard its Mumbai-Lucknow flight. Aviation Minister Hardeep Singh Puri also took notice of the ...

Give Feedback