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Assam Industries Min urges govt to initiate bilateral trade agreement with Bangladesh

Updated: Sep 13, 2019 06:13:11am
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Assam Industries Min urges govt to initiate bilateral trade agreement with Bangladesh

New Delhi, Sep 13 (KNN) Assam Industries and Commerce Minister Chandra Mohan Patowary has urged the Central government to have a bilateral trade agreement with Bangladesh on the lines of the Indo-Sri Lankan Free Trade Agreement which will boost bilateral trade through the land route in the northeast.

He made the above remarks in a joint meeting of the Board of Trade and the Council of Trade Development and Promotion organized by the Ministry of Commerce and Industry and the Directorate General of Foreign Trade (DGFT) in New Delhi.

He said "The bilateral trade with BBIN and Asean countries has reached an all-time high, and therefore the trade between the northeastern region and neighbouring countries through the surface land route must be optimized.

He mentioned in detail about the infrastructure facilities at the 4 Land Custom Stations (LCS) in Assam with Bangladesh and Bhutan and said an upgraded Electronic Cargo Tracking System and Central Quarantine System may be provided to boost trade and reduce congestion at the land ports.

"The access of the Chittagong and Mongla Ports in Bangladesh to vessels of the northeast will boost trade and commerce. This path-breaking initiative has fulfilled a long-pending requirement of the region," stated Patowary.

Besides this, he mentioned about the introduction of air cargo movement from Guwahati with direct flights to South and South East Asian cities under UDAN (International) and the construction of an air cargo terminal at Guwahati Airport.

The Board of Trade sought the views of various stakeholders such as government departments, states, exporters and industry members on ways to boost exports of goods and services.

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