Indo, Bangla trade reaches $3323.87 mn in Apr-Jan period

NEW DELHI: India, Bangladesh bilateral trade touched $3323.87 million during April, 2011 – January, 2012 as compared to $4053.15 million witnessed in the financial year 2010-11. The imports stood at $426.10 million in April, 2011 – January, 2012 and exports were at $2897.77 million.

Moreover, in FY11, the imports were at $446.75 million and $3606.40 million. Reports suggest that most traded sectors are Textiles, Machinery and Instruments, Transport Equipment, Pharmaceuticals, Fruits and Vegetable, Jute, Metalifers ores & Metal scrap, Electronic Goods, Natural Rubber.

India has so far lowered its sensitive list for Bangladesh from 480 to 25 items under South Asian Free Trade Area (SAFTA) pact and also alloted zero basic custom duty. The priority sectors have been Cotton, Jute, Textile products, Machinery and Instruments, Transport equipment, Pharmaceuticals, Fruits and Vegetables.

This information has been given by Jyotiradiya M Scindia, Minister of State for Commerce & Industry in Lok Sabha today.