Bilal9
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Bangladesh is India’s biggest trade partner in South Asia and India is the second biggest trade partner of Bangladesh. Bilateral trade between India and Bangladesh has grown steadily over the last decade and the exports of Bangladesh have tripled over the last decade to cross $1 bn in 2018-19. In the FY 2019-20, India’s exports to Bangladesh were $8.2 bn and imports were $1.26 bn. Meetings of various institutional mechanisms to promote bilateral trade include that of Secretary level meetings of Commerce and shipping ministries, LCS/ICP infrastructure and establishment of Indian Economic Zone etc. In order to promote cooperation on bilateral trade, an India-Bangladesh CEO’s Forum was launched in December 2020 to provide policy level inputs in various areas of trade and investment and also to facilitate exchanges among the business communities of both the countries. The first meeting of the India-Bangladesh Textile Industry Forum was held in February 2020 to enhance linkages and collaboration in the textile sector.