Bangladesh’s growth is primarily as an exporter of garments, which account for around 80 per cent of its exports. Remittances from overseas amount to over 6 per cent of its gross domestic product (GDP).
The major items exported to Bangladesh by India during the April-October 2021 period include cotton ($2.1 billion), cereals ($1.3 billion), electricity and fuel ($0.6 billion), vehicle parts ($0.5 billion) and machinery and mechanical appliances ($0.4 billion), according to a report in a top Indian business daily.
India and Bangladesh are currently undertaking a joint study on the prospects of entering into a bilateral Comprehensive Economic Partnership Agreement (CEPA).
ALCHEMPro News Desk (DS)
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