India assures Bangladesh cooperation in ensuring barrier-free trade

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India on Tuesday assured Bangladesh of complete cooperation found in ensuring barrier-free of charge trade between the two countries and said that together both countries can aspire for a better future for folks, particularly farmers.

In his address at the India-Bangladesh Digital Conference on Agriculture Sector, Piyush Goyal, Minister of Railways, Commerce and Industry, assured Bangladesh of complete cooperation in making sure barrier-free trade between your two countries.

He said, "We've offered duty-free market access to Bangladesh in many products, including, agri-exports. Alongside one another we can aspire for a much better and brighter potential for people of both countries, particularly for the farmers of both countries to reap the benefits of economic prosperity."

According to an official statement issued by the Ministry of Commerce, the Minister explained that India and Bangladesh share a very warm and cordial romantic relationship, predicated on mutual trust and friendship which will go past the arithmetic of economic gains and losses. He even more said that partnership sticks out as a job model in your community, once and for all neighbourly relations.

"Our ties possess witnessed an upswing within the last 6 years. We have scaled up trade and economic engagement, besides implementing several connectivity and infrastructure projects," he said.

He said that Prime Minister Narendra Modi and Bangladesh PM Sheikh Hasina share a basic vision and pro-organization policies that have enhanced governance inside our two countries. They both share an ambition of enhancing the prosperity of the persons, he said.

As over 50 per cent of the populace in both countries get excited about the agriculture sector, the Minister said, "We are actually delighted that Bangladesh has become self-sufficient in foodstuff, and the goal is to modernise agriculture. That is an region where both of us should use greater synergies and collaboration. Agriculture can possess game-changing potential between our two countries. Bilateral cooperation in this sector can pave the best way to overcome the current monetary challenges. The agriculture sector has got huge socio-economic dimensions. Staying the prominent sector of the market, bilateral cooperation in this sector can pave the best way to get over the current economic challenges our countries happen to be facing."

The Ministry of Commerce said in its statement that the Minister appreciated the intention of the Bangladesh government to find methods to increase and increase the prosperity of their farmers. He assured complete cooperation in this regard.

Goyal also spoke about the steps taken by India to greatly help our farmers, incorporating transportation, irrigation, institutional credit, marketing facilities, the way to obtain quality inputs just like seeds, neem coating fertilisers and machinery, and expansion of affiliated cottage industries.

The Minister said that because of the recent developments, the non-tariff barriers will play a crucial role in determining how Bangladesh utilises the abundant opportunities India has to offer.

Referring to the areas of bilateral cooperation, Goyal explained, "On food processing, we are able to work with one another, learn from one another and expand our existence in the global market in partnership with one another. We share a solid romance in the Railways sector which is certainly our bridge to greater engagement in infrastructure creation."

"Governments of both our countries include set high benchmarks how Bangladesh and India mutually can capture a more substantial share of the global market on textiles. Through this, we provides jobs to the persons, increase revenue from trade, and support monetary development," he added.

Source: https://www.wionews.com

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