The Joint Customs Group of Dhaka and New Delhi will begin a two-day meeting tomorrow in Dhaka aiming to remove customs related complexities for further strengthening bilateral trade.
Sumit Bose, revenue secretary to India’s Ministry of Finance, will lead a high-level Indian delegation at the talks on October 21-22.
The Bangladesh side will be led by Md Ghulam Hussain, chairman of the National Board of Revenue (NBR).
“The talks will take place within the established bilateral framework of the Joint Group of Customs (JGC),” said an official. This is the ninth round of the JGC meeting. The eighth round was held in New Delhi on April 25-26 last year.
Official sources said the discussion agenda included 17 topics. At the meeting, Bangladesh will emphasis development of infrastructure of land customs stations, and removal of complexities regarding export of handloom textiles, among others.
The Indian revenue secretary will visit Chittagong Port and the Export Processing Zone (EPZ) in Chittagong, said a press release of the Indian high commission.
It said that India-Bangladesh trade had expanded after India announced duty-free, quota-free access of exports from Bangladesh in September 2011.
Bangladesh exports to India have grown from US$498.4 million in 2011-12 to $563.9 million in 2012-13, which marks an increase of 13.15 percent, and is the highest ever level of exports from Bangladesh to India, the release added.
In the forthcoming talks, the two sides are expected to review the existing mechanism for exchange of customs related information, infrastructure facilities available at the Land Customs Stations (LCSs) and deal with procedural bottlenecks related to trade such as testing facilities, online processing facilities congestion, documentation etc.
Sumit Bose, revenue secretary to India’s Ministry of Finance, will lead a high-level Indian delegation at the talks on October 21-22.
The Bangladesh side will be led by Md Ghulam Hussain, chairman of the National Board of Revenue (NBR).
“The talks will take place within the established bilateral framework of the Joint Group of Customs (JGC),” said an official. This is the ninth round of the JGC meeting. The eighth round was held in New Delhi on April 25-26 last year.
Official sources said the discussion agenda included 17 topics. At the meeting, Bangladesh will emphasis development of infrastructure of land customs stations, and removal of complexities regarding export of handloom textiles, among others.
The Indian revenue secretary will visit Chittagong Port and the Export Processing Zone (EPZ) in Chittagong, said a press release of the Indian high commission.
It said that India-Bangladesh trade had expanded after India announced duty-free, quota-free access of exports from Bangladesh in September 2011.
Bangladesh exports to India have grown from US$498.4 million in 2011-12 to $563.9 million in 2012-13, which marks an increase of 13.15 percent, and is the highest ever level of exports from Bangladesh to India, the release added.
In the forthcoming talks, the two sides are expected to review the existing mechanism for exchange of customs related information, infrastructure facilities available at the Land Customs Stations (LCSs) and deal with procedural bottlenecks related to trade such as testing facilities, online processing facilities congestion, documentation etc.
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