It is noteworthy that while world exports grew about During the same period world imports grew It shows, overall, that SAARC as a region has been gradually integrating with the world trade, nibbling at a slightly larger share of both the global exports and imports.
Export to Bangladesh Bangladesh is one of the largest export markets for Indian trade. The bilateral trade between the two nations is carried out as per guidelines given in the Bangladesh Trade Agreement which provides beneficial arrangement for the use of waterways, railways and roadways passage of goods between two places in one country through the territory of the other.
Major items exported from India to Bangladesh include wheat other cereals, dairy products, oils meals, cotton yarn, fabrics, made ups, petroleum crude and products, plastic and linoleum products rice machinery and instruments and primary and semi finished iron and steel, pulses transport equipments drugs pharmaceuticals and fine chemicals processed mineral manmade yarn, fabrics, made ups manufactures of metal and fresh fruits and vegetables.
Under this agreement India also provides shipment facilities through Indian Territory for Bhutan's Trade with third countries. All the export transactions are carried out in Indian Rupees and Bhutanese Ngultrum. Major items exported from India to Bangladesh include metals machinery and instruments, machine tools transport equipments, electronics goods rice other than basmatispirit and beverages, miscellaneous processed items primary and semi finished iron and steel and cereals.
Under this agreement Indian major exports itmes to Maldives include rice other than basmati, sugar, fresh vegetables, miscellaneous processed item, drugs, pharmaceuticals and fine chemicals plastic and linoleum products, manufactures of metals and machinery equipment. Export to Pakistan No trade agreement has been signed between India and Pakistan till Indian exports to Pakistan are restricted to a list items known as Positive List and include rice other than basmati, spices, oil meals, iron ore, drugs, pharmaceuticals and fine chemicals rubber manufactured products except footwear, plastic and linoleum products, manufactures of metals and petroleum crude and products.It is also noticed that the export intensity of Bangladesh’s trade with SAARC countries is low except for Nepal.
That is to say the proportion of exports by Bangladesh to Nepal, for example, exceed Nepal’s share of imports in total (net) world imports. The following graphs show the proportion of India’s trade with SAARC with respect to its total trade with the world. 1. On an average, India’s export to SAARC as a .
The South Asian Free Trade Area (SAFTA) is an agreement reached on January 6, , at the 12th SAARC summit in Islamabad, Pakistan. It created a free trade area of billion people in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka (as of , the combined population is billion people).
Main export destinations are the United States and the EU. Bangladesh imports mostly fuel, capital goods and foodstuff originating in China, India, the EU and Kuwait.
Bangladesh is a founding member of South Asian Association for Regional Cooperation (SAARC), Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and a member of World Trade Organization (WTO).
Introduction The policy of trade liberalization and free-market economy in the s has created both challenges and opportunities for Bangladesh economy.
A Brief Analysis on India’s Trade with SAARC Countries: Recent Trends. By Dr. B. Ambrose & Mr. P. Sundarraj. Annamalai University, India. Abstract- The analysis of trade between the countries is an interesting phenomenon in international trade.
Analyzing the trend is some more interesting.
In this study an analysis is made between India and SAARC.