Bangladesh and India will be able to tap enormous economic benefits if the two close neighbours can work together to exploit resources in the sea and expand connectivity, said Harsh Vardhan Shringla, Indian High Commissioner to Bangladesh.
"Bangladesh and India reaching an amicable settlement of their maritime boundaries has opened up enormous potential for cooperation in the blue economy," he said while speaking as the chief guest at the annual conference of the International Business Forum of Bangladesh (IBFB) in Dhaka on Wednesday, reports BSS.
Former governor of Bangladesh Bank Dr Mohammed Farashuddin, former president of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Abdul Matlub Ahmad and founding president of IBFB Mahmudul Islam Chowdhury, among others, spoke on the occasion.
IBFB president Hafizur Rahman Khan presided over the 12th conference of the research and advocacy based non-profit trade body.
The Indian high commissioner also said that cooperation between the two countries regarding sea resources would help create a secure and sustainable Bay of Bengal.
Matlub Ahmad said that though non-tariff barriers between Bangladesh and India may be there, India will resolve them if specific barriers are identified.
He emphasised on the need for exploring new export markets to “expand the basket” and boost overall exports from Bangladesh.
IBFB president Hafizur Rahman urged the Indian High Commissioner to take effective measures to minimize the existing trade deficit. Removal of non-tariff barriers will lead Bangladesh-India relationship to the next level of excellence, he added.