India and Bangladesh are working to dismantle non-tariff and para-tariff barriers and renew economic engagements to boost trade between the two countries.
To be able to make a successful transition Bangladesh needs strategic joint venture investments in high-value sectors, focus on blue economy, multimodal connectivity, innovation and research.
Bangladesh recently graduated from ‘least development category’ (LDC) of the United Nations Committee for Development Policy.
Mr Syed Moazzam Ali, High Commissioner to India said, “Bangladesh’s Graduation from LDC: New Frontiers and Horizons for India-Bangladesh Economic Engagement.
” He said that Bangladesh-India bilateral ties will act as a catalyst for strengthening sub-regional and regional integration and cooperation, adding “both the countries are working on strengthening the sub-regional cooperation under the BBIN initiative as well as inter-regional cooperation under the aegis of BIMSTEC and ASEAN.”
Bangladesh seeks Indian investment in three of its special economic zones of Bheramara, Mongla and Mirsarai to be able to broaden its export base.
