‘India’s vast consumer market offers opportunities for Bangladesh food products’ Says Indian High Commissioner to Bangladesh

[Black_cats]

Published on 10:47 PM, July 07, 2021
‘India’s vast consumer market offers opportunities for Bangladesh food products’ Says Indian High Commissioner to Bangladesh

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Indian High Commissioner to Bangladesh Vikram Kumar Doraiswami. File photo
Star Digital Report

The vast consumer market of India offers enormous opportunities for Bangladesh's quality food products, said Indian High Commissioner to Bangladesh, Vikram Doraiswami, highlighting the duty-free, quota-free market access available to Bangladesh products under SAFTA since 2011.

It is important to strengthen linkages between the trade bodies, he said at a virtual conference on India-Bangladesh Trade Fair on Agri Products today.

Agricultural and Processed Food Products Export Development Authority (APEDA) in association with Bangladesh Fresh Fruits Importers Association and India Bangladesh Chamber of Commerce and Industry organised the conference.

The meeting brought together key stakeholders from respective trade bodies and governments on a common platform for strengthening strategic cooperation between India and Bangladesh in the Agri-Food sector.

Indian High Commissioner Doraiswami emphasised that post LDC graduation, the Comprehensive Economic Partnership Agreement, which is under active discussion by both the governments, will be a game changer for bilateral trade partnership.

He also noted the importance of finalizing reciprocal arrangements with regard to food safety standards and rapid upgradation of logistics to enhance such trade.

Md Alamgir, chairman of Bangladesh Land Port Authority, highlighted that Bangladesh government is in the process of phased development and upgradation of land ports worth Tk 1.5 billion and starting with ports at Benapole, Sutarkandi, Belonia and Ramgarh.

He added that land port authorities of both the countries are committed for seamless operation, passenger facilitation and timely handling of goods for the benefit of business community.

Abdul Matlub Ahmad, president of India Bangladesh Chamber of Commerce and Industry (IBCCI), underscored that World Bank reports suggests that seamless transport connectivity between India and Bangladesh has the potential to significantly increase national incomes on both sides.

The Virtual Conference was joined by Dr M Angamuthu, chairman, APEDA; Salimul Haque Essa, president, Bangladesh Fresh Fruits Importers Association; Shamim Ahamed, president, Halal Meat Importers Association of Bangladesh; Dr Pramyesh Basall, commercial representative, High Commission of India, Dhaka; Dr Tarun Bajaj, director, APEDA and other senior officials of APEDA & High Commission of India, Dhaka.

During the Conference, an E-Catalogue for the Virtual Buyer Seller Meet was released followed by Virtual Trade Fair B2B meeting and interaction between exporters and importers.

The event saw participation of more than 200 businesses from both the countries.

 

[Species]

Looks like India is pressurizing to sign an FTA with them. FTA with India would be no less than an economic suicide due to the numerous trade barriers they impose on our products.

Instead of an agreement with the central govt., we should sign FTAs with different states, especially in the Northeast who would be using our transit facilities. There must be clauses on state of origin - only products with 40% value addition within northeast states would enjoy the tariff facilities while rest of the Indian products would be out of the FTA's provisions. Economy of Northeast India would be integrated with Bangladesh under a common supply-chain as we get a source for raw materials and a market for our finished products. Win-win for both Bangladesh and Northeast.

 

[Michael Corleone]

Looks like India is pressurizing to sign an FTA with them. FTA with India would be no less than an economic suicide due to the numerous trade barriers they impose on our products.

Instead of an agreement with the central govt., we should sign FTAs with different states, especially in the Northeast who would be using our transit facilities. There must be clauses on state of origin - only products with 40% value addition within northeast states would enjoy the tariff facilities while rest of the Indian products would be out of the FTA's provisions. Economy of Northeast India would be integrated with Bangladesh under a common supply-chain as we get a source for raw materials and a market for our finished products. Win-win for both Bangladesh and Northeast.

Wouldn’t a FTA be mutual? How would they impose barriers on our products within FTA agreement

 

[Black_cats]

Wouldn’t a FTA be mutual? How would they impose barriers on our products within FTA agreement

Its like they are doing it now. Let’s say a product will be duty free but will impose other barriers by the name of quality and other things. They are trying to do it with the jute, RMG and other products that is getting exported to India.

 

[HostileInsurgent]

Wouldn’t a FTA be mutual? How would they impose barriers on our products within FTA agreement

Don’t we already have an FTA due to which our trade got very big.

 

[Ghost Hobbit]

if products are good, why not?

 

[Michael Corleone]

Don’t we already have an FTA due to which our trade got very big.

Nope

Its like they are doing it now. Let’s say a product will be duty free but will impose other barriers by the name of quality and other things. They are trying to do it with the jute, RMG and other products that is getting exported to India.

They taught us in school about it “protecting Indian producers” excuse.
I say bs. People will pay for what’s good in quality at an affordable price. Anyways I don’t support FTA with these losers either. We can do something like this with eastern states of India but north wester and the rest of India are baniya snakes

 

[The Ronin]

Don’t we already have an FTA due to which our trade got very big.

This one?

South Asian Free Trade Area | LDC Portal

The South Asian Free Trade Area (SAFTA) is the free trade arrangement of the South Asian Association for Regional Cooperation (SAARC). The agreement came into

www.un.org

 

[Bilal9]

Wouldn’t a FTA be mutual? How would they impose barriers on our products within FTA agreement

They use 'dumping' clause as an exception, and will impose non-tariff barrier (NTB). They have already tried to block (and in some cases succeeded in blocking) our apparel, light engg. products (Rahimafrooz Batteries for example) under the flimsy pretext that Chinese subassemblies are used. Same with electronics and major white goods (consumer durables like TV's. refrigerators, aircons, laptops etc.).

While its open season for Indian exports to Bangladesh. Only reason no one buys Indian products like TV's, refrigerators and cars in Bangladesh are low quality which Indian mfrs. can get away with in their protected local market in India. Indian consumers are cheated out of getting better products for less money because Indian mfrs. have kept their market hostage, which is still a license raj, to some extent. I won't bore folks with the details, which is a subject of another thread...

Desh boro hoiley ki hobey, oder Govt. Baboo-der mon eto soto, chinta kora jaina...

Shobshomoi Bangladesh ke kibhabey thokano jai, shei chintai thakey...

 

[bluesky]

‘India’s vast consumer market offers opportunities for Bangladesh food products’: Says Indian High Commissioner to Bangladesh

India's Kanjus consumers work less, earn less, eat less and then consume less. I hope our companies do not expect to export too many volumes to that miser country, India.

The Indian High Commissioner is making this sweet statement for another PR and nothing else. There always remain restrictions at the gates to India set up by its Customs people.

The next few years will show the reality if India changes its mindset from talking big to acting positively.

 

[fallstuff]

Its going to be a cold day in hell before Bangladesh gets true FTA access to Indian market !

 

[FairAndUnbiased]

Indian market is smaller than even the US state of California alone.

Market is not just population, market is population x income.

 

[Michael Corleone]

They use 'dumping' clause as an exception, and will impose non-tariff barrier (NTB). They have already tried to block (and in some cases succeeded in blocking) our apparel, light engg. products (Rahimafrooz Batteries for example) under the flimsy pretext that Chinese subassemblies are used. Same with electronics and major white goods (consumer durables like TV's. refrigerators, aircons, laptops etc.).

While its open season for Indian exports to Bangladesh. Only reason no one buys Indian products like TV's, refrigerators and cars in Bangladesh are low quality which Indian mfrs. can get away with in their protected local market in India. Indian consumers are cheated out of getting better products for less money because Indian mfrs. have kept their market hostage, which is still a license raj, to some extent. I won't bore folks with the details, which is a subject of another thread...

Desh boro hoiley ki hobey, oder Govt. Baboo-der mon eto soto, chinta kora jaina...

Shobshomoi Bangladesh ke kibhabey thokano jai, shei chintai thakey...

Amra thokte chaile Oder dosh diya luv ki? Our govt. constantly sellout to these incompetent fucks

 

[bluesky]

Indian market is smaller than even the US state of California alone.

Market is not just population, market is population x income.

The market is population, the income of individuals, and also the people's propensity to spend.

Rich, middle-class, or poor, Indians are invariably born misers. It cannot industrialize further because people are averse to buy consumer goods.

 

[Destranator]

DoraisiAmi continues to roll with his platitude binge. The govt needs to raise counter Non-Tarrif Barriers on Indian products to encourage diversification of imports away from India as well as support local production.
The India govt is a reactive machine which only responds to arm twisting. They will only start to realise their missteps once Indian exports to BD start to suffer.