{"id":156539,"date":"2021-12-28T20:32:10","date_gmt":"2021-12-28T15:02:10","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=156539"},"modified":"2021-12-28T20:32:10","modified_gmt":"2021-12-28T15:02:10","slug":"bangladesh-may-become-indias-fourth-largest-export-destination-in-fy22","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/bangladesh-may-become-indias-fourth-largest-export-destination-in-fy22\/","title":{"rendered":"Bangladesh may become India’s fourth largest export destination in FY22"},"content":{"rendered":"\n
What is the News?<\/b><\/h5>\n

Bangladesh may become India\u2019s fourth-largest <\/span>export <\/span>destination in the Financial year 2021-22.<\/span><\/p>\n

India\u2019s Exports to Bangladesh<\/b><\/h5>\n
\"\"
Source: Business Standard<\/figcaption><\/figure>\n

During April-October 2021, India\u2019s exports to Bangladesh grew 81% over the same period last year.<\/span><\/p>\n

This makes Bangladesh India\u2019s fourth-largest export market behind the US, UAE and China.<\/span><\/p>\n

The major items exported to Bangladesh by India include cotton, cereals, electricity and fuel, vehicle parts and machinery and mechanical appliances.<\/span><\/p>\n

What is the reason for the increase in India\u2019s exports to Bangladesh?<\/b><\/p>\n

Bangladesh has been an economic miracle in South Asia with its unprecedented transformation over the past decade.<\/span><\/p>\n

The growth in Bangladesh largely stems <\/span>from its success as an exporter of garments, which account for around 80% of its total exports. Remittances from the overseas amount to over 6% of GDP.<\/span><\/p>\n\n\n\n
Must read: Recent developments in India-Bangladesh relations-Explained, pointwise<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
What are the future prospects of India-Bangladesh Trade?<\/b><\/h5>\n

Firstly,<\/strong> India and Bangladesh are currently undertaking a joint study on the prospects of entering into a bilateral Comprehensive Economic Partnership Agreement(CEPA)<\/strong>.<\/span><\/p>\n

Secondly,<\/strong> the India-Bangladesh CEO Forum which was launched in 2020 to provide policy-level inputs in various areas of trade and investment and facilitate exchanges among business communities is expected to meet soon to further deepen trade and economic ties.<\/span><\/p>\n

Thirdly,<\/strong> during a recent virtual summit, Indian and Bangladesh PM’s\u00a0<\/span>emphasised the need to address issues of non-tariff barriers and trade facilitation. These include port restrictions, procedural bottlenecks and quarantine restrictions.<\/span>\u00a0<\/span><\/p>\n\n\n\n
Read more: Bangladesh \u2013 Model or Miracle?<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: <\/b>This post is based on the article<\/span> \u2018<\/b>Bangladesh may become India’s fourth largest export destination in FY22<\/b>\u2019 <\/b>published in<\/span> Business Standard <\/b>on 28th Dec 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

What is the News? Bangladesh may become India\u2019s fourth-largest export destination in the Financial year 2021-22. India\u2019s Exports to Bangladesh During April-October 2021, India\u2019s exports to Bangladesh grew 81% over the same period last year. This makes Bangladesh India\u2019s fourth-largest export market behind the US, UAE and China. The major items exported to Bangladesh by… Continue reading Bangladesh may become India’s fourth largest export destination in FY22<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10503],"class_list":["post-156539","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-business-standard","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/156539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=156539"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/156539\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=156539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=156539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=156539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}