Cabinet approves MoU between India, Bangladesh to improve cooperation in trade remedies

The MoU seeks to foster better cooperation between the relevant authorities of both the countries to be able to discourage unfair trade practices and promote rule based bilateral trading, the statement added.

The Union Cabinet on Tuesday gave its ex post facto approval to a Memorandum of Understanding (MoU) between India’s Director General of Trade Remedies and the Bangladesh Trade and Tariff Commission to increase cooperation in the area of trade remedies, the official statement said.

The MoU was signed on March 27 in Dhaka.

The principal objective of the MoU is to market cooperation between your two countries in the region of trade remedies, exchange of information, undertaking capacity building activities and activities relative to various provisions of World Trade Organization (WTO) in the region of anti-dumping, countervailing and safeguard measures in bilateral trade between the countries.

The MoU seeks to foster better cooperation between your relevant authorities of both countries to be able to discourage unfair trade practices and promote rule based bilateral trading, the statement added.