India-Bangla Trade, now Specified for CEPA boost
The CEPA may be finished by 2026, by the time Bangladesh graduates to become a developing country, officials stated. Prime Minister Narendra Modi has expressed that India and Bangladesh will soon commence negotiations on a Bilateral Comprehensive Economic Partnership Agreement (CEPA). A look at the current framework, and CEPA objectives Following a meeting with the visiting Prime Minister of Bangladesh Sheikh Hasina, Prime Minister Narendra Modi expressed that “We both believe that by taking lessons from the Covid pandemic and current global developments, we must make our economies stronger,” Modi stated. The CEPA is likely to focus on trade in goods, services, and investment with a key purpose being the reduction of the trade gap between the two countries. As Bangladesh is designed to become a developing nation by 2026 — after which it may no longer qualify for trade benefits that it currently enjoys as a least-developed country — it is keen to sign the CEPA in a year. Also, Ind...