Ministries agree on signing CEPA with India
BI Report || BusinessInsider
Flags of Bangladesh and India. Photo: Representational
Top officials of different ministries and divisions concerned on Monday gave their consents to sign the Comprehensive Economic Partnership Agreement (CEPA) with India to expand trade and investment with the neighbouring country.
An inter-ministerial meeting on CEPA, attended by the officials of some major ministries, including foreign, labour, commerce, home affairs, along with different departments of agencies of the government, was held at the commerce ministry in Dhaka.
After the meeting, commerce ministry’s Additional Secretary Md Hafizur Rahman told the Business Insider Bangladesh that the ministries agreed on signing the CEPA with India.
“We hope that negotiation of the CEPA contract will start soon,” he said.
As Bangladesh prepares to graduate into a developing country, Commerce Minister Tipu Munshi had last year said Bangladesh was keen to clinch a Comprehensive Economic Partnership Agreement (CEPA) or Free Trade Agreement (FTA) not only with India but also with Indonesia and Sri Lanka within a year.
“We want to wrap up the CEPA not only with India, which is our second-largest trading partner, as well as other countries such as Sri Lanka and Indonesia within the next one year,” Munshi had said.