India, B'desh ink duty-free imports deal

Most of the imports in the textiles sector, particularly ready made garments

PTI | September 7, 2011



Taking the trade route to cement bilateral ties, prime minister Manmohan Singh has announced duty-free import of 61 items from Bangladesh that were barred from entering India.

A majority of these items, 46 to be precise, are relate to textiles, particularly readymade garments.

Singh, who on his maiden bilateral visit to Bangladesh, said India was "fully alive to the problem of trade imbalance between India and Bangladesh."

Bangladesh has long complained that trade with India was grossly unequal with India selling about USD 3 billion in goods to Bangladesh against the latter's export of about USD 400 million business in jute, ammonia and garments.

Singh said India has embarked on a series of measures to improve border infrastructure for trade and this will facilitate Bangladesh's exports to India and provide it greater opening to India and other neighbouring countries.

He said India is also addressing issues relating to non-tariff barriers raised by Bangladesh for entry of its goods into Indian market.

Bangladesh's request list for duty-free goods includes all the garment items where it enjoys the advantage of cheaper cost of production compared to India, Indian textile industry sources said.

Bangladesh had for the last one year been pressing India for permitting all the 61 items to be taken off the list of protected goods India maintains under South Asian Free Trade Agreement (SAFTA) because Dhaka is keen to sell them in a bid to reduce a massive gap in bilateral trade.

Comments

 

Other News

₹5,000 crore saved from suspected financial fraud

In a significant gain for citizen protection in the digital economy, the Department of Telecommunications (DoT) has helped prevent suspected cyber fraud losses of more than ₹5,000 crore through its Financial Fraud Risk Indicator (FRI) within fifteen months of its launch on May 22, 2025. This money did

Capital acquisition proposals worth Rs 1.10 lakh crore for defence forces cleared

The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh, on Monday accorded Acceptance of Necessity (AoN), that is, in-principle administrative approval to various acquisition proposals of the defence forces at an estimated cost of about Rs 1,10,000 crore.

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter