A senior minister of the government has viewed that the trade deficit with India can be reduced significantly if the neighbouring country removes the existing trade barrier on Bangladeshi products.
"Bangladesh has huge trade deficit with India, as the export of Bangladeshi products is not being possible as per expectation due to non and para tariff complexities in India," said Commerce Minister Tofail Ahmed.
The minister said this while addressing 'Horasis Asia Meeting' at a hotel in Kolkata as the chief guest on Monday.
Switzerland-based organisation Horasis organised the meeting in cooperation with the West Bengal Government and Indian Chamber of Commerce (ICC), says BSS citing an official release.
Tofail said Bangladesh is developing 100 Special Economic Zones (SEZs) where each country would get a separate zone.
"Investors from different countries have moved forward with investment as the government has announced special facilities for the investors," said Tofail.
He said foreign investors could take back the investment with profit anytime and the government has secured the interest of investors by enacting laws.
Myanmar's Mandalay Region Chief Minister Zaw Myint and ICC President Shashwat Goenka, among others, also spoke in the meeting with Horasis President Frank Jurger Richter in the chair.
