India and Bangladesh are working on dismantling non-tariff and para-tariff barriers and could renew economic engagements, high commissioner of Bangladesh to India Syed Muazzem Ali recently said at a seminar in New Delhi jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Bangladesh High Commission.
The renewal could be the result of Bangladesh recently graduating from least development category (LDC) of the United Nations Committee for Development Policy, Ali said at the seminar on Bangladesh’s Graduation from LDC: New Frontiers and Horizons for India-Bangladesh Economic Engagement.
Bangladesh seeks substantial Indian investment in three special economic zones of Mongla, Bheramara and Mirsarai to broaden its export base, a FICCT press release quoted Ali as saying.