{"id":172804,"date":"2022-03-08T21:01:10","date_gmt":"2022-03-08T15:31:10","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=172804"},"modified":"2022-03-08T21:01:10","modified_gmt":"2022-03-08T15:31:10","slug":"india-looking-to-advance-the-comprehensive-economic-partnership-agreement-cepa-with-bangladesh","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-looking-to-advance-the-comprehensive-economic-partnership-agreement-cepa-with-bangladesh\/","title":{"rendered":"India looking to advance the Comprehensive Economic Partnership Agreement (CEPA) with Bangladesh"},"content":{"rendered":"\n
What is the news? <\/b><\/span><\/h5>\n

India\u2019s Commerce and Industry Minister has said that India was looking to advance a Comprehensive Economic Partnership Agreement(CEPA) with <\/span>Bangladesh.<\/span><\/p>\n

Note<\/b>: CEPA <\/span>is a kind of comprehensive free trade pact under which two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them. They also liberalise norms to facilitate trade in services and boost investments.<\/span><\/p>\n

India-Bangladesh Trade Relations<\/b><\/h5>\n

Trade:<\/b> Bangladesh is India\u2019s biggest trade partner in South Asia.<\/span>The bilateral trade between the countries stood at USD 10.8 billion in 2020-21 as against USD 9.5 billion in 2019-20.<\/span><\/p>\n

\u2013 Major exports from India to Bangladesh include cotton, cereals, fuel, vehicle parts and machinery and mechanical appliances.<\/span><\/p>\n

India\u2019s Assistance to Bangladesh<\/b>:<\/span>Vaccine Maitree reaffirmed India\u2019s friendship with Bangladesh with over one crore vaccines being supplied from India.\u00a0<\/span><\/p>\n

\u2013 India has also extended three lines of credit for $8 bn to Bangladesh, the largest concessional credit given by India to any single country<\/span><\/p>\n

\u2013 India is developing two Indian Economic Zones at Mirsarai and Mongla in Bangladesh.\u00a0<\/span><\/p>\n

What are the four focus areas for strengthening the India-Bangladesh relationship?<\/b><\/h5>\n

Uninterrupted Supply chain: <\/b>Despite COVID-19, India-Bangladesh maintained an uninterrupted supply chain. But this connectivity needs to be improved further to expand our bilateral trade.<\/span><\/p>\n

Push to Joint Production of Defence Equipment:<\/b> India-Bangladesh defence cooperation has not progressed, though India offered USD 500 mn line of credit.\u00a0<\/span><\/p>\n

Explore potential areas of investments like <\/b>Textiles, Jute products, Leather & Footwear, APIs for Pharmaceuticals, Medical Equipment, Digital Health, Agribusiness, Electronics and Renewable Energy.<\/span><\/p>\n

India and Bangladesh can become \u2018Pharmacy of the world: <\/b>During COVID-19, vaccines produced in India, created a niche for themselves as safe vaccines.Time has now come for joint manufacturing of vaccines and other medicines.<\/span><\/p>\n

Source<\/b>: This post is based on the article \u201c<\/b>India looking to advance the Comprehensive Economic Partnership Agreement (CEPA) with Bangladesh<\/b>\u201d <\/b>published in PIB <\/b>on 8th Mar 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

What is the news? India\u2019s Commerce and Industry Minister has said that India was looking to advance a Comprehensive Economic Partnership Agreement(CEPA) with Bangladesh. Note: CEPA is a kind of comprehensive free trade pact under which two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them. They… Continue reading India looking to advance the Comprehensive Economic Partnership Agreement (CEPA) with Bangladesh<\/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":[1230,9],"tags":[3590],"class_list":["post-172804","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1701952858},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/172804","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=172804"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/172804\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=172804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=172804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=172804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}