Initiate a bilateral trade agreement with Bangladesh in line with the Indo-Sri Lankan FTA: Assam Industry Minister

Assam Industries and Commerce Minister Chandra Mohan Patwary urged the Central Government for a bilateral trade agreement with Bangladesh in line with the Indo-Sri Lankan Free Trade Agreement which will boost the bilateral trade through land route in North East.

 

Addressing a joint meeting of the Board of Trade and the Council of Trade Development and Promotion organized by the Ministry of Commerce and Industry and the Directorate General of Foreign Trade (DGFT) in New Delhi today, the Industry Minister said that the bilateral trade with BBIN (Bangladesh,Bhutan, India and Nepal) and ASEAN countries has reached an all-time high, and therefore the trade between the North Eastern Region and neighboring countries through the surface land route must be optimized.

 

 

The Minister detailed about the infrastructure facilities of the four Land Custom Stations (LCS) in Assam with Bangladesh and Bhutan and urged to upgrade the same with Electronic Cargo Tracking System and Central Quarantine System . The minister said that this will boost the trade and reduce the congestion at the land ports.