India-Bangladesh to begin talks on CEPA

Prime Minister Narendra Modi after a bilateral meeting with Bangladesh’s PM Sheikh Hasina, said that the two countries will begin talks on Comprehensive Economic Partnership Agreement (CEPA). Bangladesh is a US$ 416 billion economy & India’s largest development partner. It is also one of India’s top export markets with bilateral trade at about US$ 18 billion in FY22. India has a trade surplus of about US$ 14 billion with Bangladesh. The proposed pact will further boost the trade between the two neighbouring countries. 

“We also decided to increase cooperation in sectors like IT, space and nuclear energy. We will also continue to cooperate on climate change,” Prime Minister Modi said after the meeting. The two leaders also jointly unveiled Unit-I of the Maitree Super Thermal Power Project being constructed under India’s concessional financing scheme. They inked seven cooperation pacts in areas such as water sharing, railways projects, science and space technology.

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