Thursday, 20th August , 2020, 06:55 pm,BDST

Enhance connectivity for Growth, Prosperity and Development: IBCCI



High Commission of India (HCI), Dhaka in collaboration with India-Bangladesh Chambers of Commerce & Industry (IBCCI) jointly organized a webinar to discuss “Connectivity for Growth, Prosperity and Development” on 11 August 2020.

Honble Minister of Commerce, Government of Bangladesh, H.E.  Tipu Munshi, MP, High Commissioner of India H.E Smt. Riva Ganguly Das, Nurul Alam, Member (Finance), BIWTA, Sheikh Fazle Fahim, President of FBCCI, Nihad Kabir, President of MCCI, Mahbubul Alam, President of CCCI, Abdul Matlub Ahmad, President of IBCCI participated on this webinar.

Speaking on the occasion, High Commissioner of India Smt.  Riva Ganguly Das said “Connectivity has been an important focus of our (India-Bangladesh) mutually beneficial bilateral relation”. She added, India has opened its huge markets to Bangladesh under SAFTA since 2011 wherein, Bangladesh exporters are provided  Duty  Free and Quota  Free  market  access  for 100  %  tariff  lines  except  alcohol  and  tobacoo. Bangladesh exports registered a significant growth of 42.91 % in the FY 2018-19.  She highlighted that both the governments have commissioned a joint study for a bilateral Comprehensive Economic Partnership Agreement which is likely to be completed this year. The  early  green  shoots  of economic  recovery  are visible  both  in  India  and  Bangladesh  and  having  more  consultative  dialogue  between  the  business community, Chambers and think tanks, will further facilitate quick recovery and allow them to explore new business opportunities.

India-Bangladesh relations still at the highest level

Chief  Guest  for the  Webinar,  Honble Minister  of  Commerce,  Government  of  Bangladesh,  H.E.  Tipu Munshi, MP spoke on the special and very close relations between India and Bangladesh. He said, “Enhanced connectivity will help Bangladesh achieve its SDG targets faster along with economic development. I fondly remembered my visit to Meghalaya and Assam last year and the interest of business community of India to have more connectivity especially through the waterways.”

Mr. Sheikh Fazle Fahim, President, Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) said, “Enhanced multimodal connectivity in the region will complement the bilateral value chain initiative (BVCI). The idea of transshipment of Bangladesh EXIM cargo from Indian ports including third  country  EXIM  cargo  could  benefit in  terms  of  cost  and  time  savings.”  He added our bilateral connectivity should look beyond bilateral trade to include the global trade and value chains also he expressed hope  that  Air bubble  arrangements  between  India  and  Bangladesh  will  help  in  restoring  and  further accelerating the B2B dialogue.

Mr. Abdul Matlub Ahmed, President, India-Bangladesh Chamber of Commerce (IBCCI) moderated the Webinar and highlighted that world over connectivity has played an influential role in shaping regional development. He said, “The change in the world economic scenario and shifting of global value chains has made Bangladesh and India as great investment destination.” Later on President of IBCCI also announced IBCCI Media awards starting from year 2020 onwards, to be given for the best performance amongst IBCCI members.

Ms.  Nihad Kabir, President Metropolitan Chamber of Commerce and Industry, Mr.  Mahbubul  Alam, President  Chittagong  Chamber  of  Commerce  and  Industry,  Dr.  Pramyesh  Basall,  Commercial Representative to High Commission of India and Mr. Nurul Alam, Member Finance from BIWTA also participated as guest speakers  in the Webinar. They highlighted that with the economy returning back to normal these new arteries of trade will help in tapping vast market potential for sustained economic growth.

বাংলাদেশে বিনিয়োগের মাধ্যমে কাতারের সাথে দ্বিপাক্ষিক বাণিজ্যের সুযোগ বাড়বে

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