Indian Foreign Secretary Shivshankar Menon yesterday urged India’s smaller neighbours to overcome political issues to become stakeholders in the India-led regional economic growth by dismantling trade and road and water transport barriers.
Describing Bangladesh and Pakistan’s fears about having open trade with India as "completely misplaced", former External Affairs Minister Yashwant Sinha on Sunday asked them to understand the logic of mutual economic benefits which should triumph over politics.
Business houses in South Asian region are seeking specific timeframe to remove bottlenecks that hinder trade and investment in the SAARC region. It is sad to note that whatever developments take place in the business and political forums; those are not implemented at the operation level.
It remains unclear to me what the advantages of being part of the Saarc grouping are over entering into bilateral relations with each individual Saarc country instead. I have always like the concept of Bimstec instead.
Bangladesh’s business leaders are rather dismayed at India’s recent duty-free market access offer, as they have expressed the view that mere duty-free access could not ensure free flow of goods into Indian market unless non-tariff and para-tariff barriers are removed.
Business leaders Sunday expressed their dismay that the SAARC had failed to deliver "much" in the fields of economy and politics in the South Asian region, although it could attract the attention of the international community.
The SAARC countries are now striving to set a uniform product standard for the group after years of complaints by the weaker ones among them about non-acceptance of their national certifications of product quality by their stronger counterparts. It has persistently posed as a difficult non-trade barrier that has obstructed bilateral trade.
Bangladesh is likely sign the Trade and Investment Framework Agreement (TIFA) with the United
States, agreeing to Washington’s insistence of including "corruption" issue in the text.
The United States has asked Bangladesh to re-examine the possibility of restarting negotiations on the Trade and Investment Framework Agreement (TIFA) between the two countries.
A "captive protected" market to Indian suppliers, trade losses for Bangladesh and the issue of farm subsidies cosseted to Indian rice, wheat and sugar producers are among the potential risks.
A new study says Bangladesh should sign Free Trade Agreements (FTAs) with India and Pakistan, but fails to identify what the FTAs would have in addition to South Asia Free Trade Area (SAFTA).
The next meeting of the Trade Negotiation Committee (TNC) of BIMSTEC is hanging in the balance due to inability of the member countries to fix a date for reviewing the progress of the previous meetings.
Although Bangladesh and Pakistan have agreed to sign a free trade area deal by September this year, the two countries are yet to start negotiations.
A business delegation of India yesterday underscored the need for inking a free trade agreement (FTA) between Bangladesh and India to boost trade between the two countries.
The first meeting of the Bangladesh-Pakistan Joint Business Council expected to kick-off in Dhaka next week would give priority to issues relating to signing of a free trade agreement (FTA) between the two countries, sources said.
Bangladesh urged the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (Bimstec) countries to show more flexibility in addressing concerns of all member-countries to ensure equitable trade under the Free Trade Area (FTA) agreement.
Thailand yesterday dismissed news reports that political problems at home had delayed negotiations on free-trade agreements (FTAs) among members of the regional Bimstec trade bloc.
The (SAFTA) South Asian Free Trade Agreement has been implemented from July 1, 2006, which is operating under the framework of the South Asian Association for Regional Cooperation (SAARC).
Bangladesh is going to sign a Preferential Trade Agreement (PTA) with Iran may lead to signing of Free Trade Agreement between the two Muslim nations.