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4. 5.
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7408.11.90 7325.10.00
2202.10.90 9403.30.90
28.51 34.44
52.24 34.44
30.64 36.81
58.40 36.81
Undiversified production base rather than Indias restrictive trade policies is the root cause of BDs slow growth of exports to India
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Despite high tariffs, Indian exporters can successfully compete in Bangladesh market. In a free trade situation, they will enjoy a substantial price advantage. Bangladeshs imports from India might therefore rise Loss of government revenue and lower protection to local industries On the positive side, duty free imports from India will create economic welfare benefits in the form of lower prices and better quality products for Bangladesh consumers Low-duty imports will bring down cost of production, and local industries will be competitive Fall in import duty will be outweighed by increased revenue through VAT and excise duty These welfare benefits will considerably exceed the economic welfare losses to Bangladesh producers
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Recommendations Contd.
5) 6) Dismantle all NTBs and Para-Tariffs Safeguard Provisions. The Agreement should include a safeguard clause to protect Bangladeshs infant industries Rules of Origin. The rules of origin should be more favourable than under the India-Sri Lanka FTA
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Recommendations Contd.
9) Build Export Capacity. There is the need to build export capacity in various products, which have good demand in India
10) Introduce an Export Development Assistance Scheme to assist exporters, the EPB, and the Business Chambers in their export promotion effort
Recommendations Contd.
12) Improve Infrastructure
Infrastructural facilities should be improved at the land customs stations (LCS) on both sides of the border
The improvement in infrastructure would need to be done in a coordinated way there would no point if the infrastructure were improved on one side of the border but bottlenecks were to remain on the other side of the border Petrapole-Benapole LCS should work 24 hours and 7 days a week New land customs stations for bilateral trade should be opened between Bangladesh and the neighbouring Eastern and NorthEastern Indian States
Recommendations Contd.
13) Investment Liberalization. The FTA should provide for liberalization of investment. The two countries may sign an Investment Promotion and Protection Agreement and Double Taxation Avoidance Agreement 14) Remove State Government-imposed levies, for example luxury tax, on Bangladesh Exports
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