Indian cabinet approves trade recovery deal with Bangladesh

Agreement aims to deter unfair trade practices and promote rules-based bilateral trade

The Indian Cabinet, chaired by Prime Minister Narendra Modi, gave ex post facto approval to the Memorandum of Understanding (MoU) between India and Bangladesh on the establishment of a framework for cooperation in the field of corrective measures commercial.

The MoU aims to foster better cooperation between the competent authorities of the two countries in order to discourage unfair trade practices and promote rules-based bilateral trade between the two countries, the Information Office of the United Nations said on Tuesday. India press.

On March 27, Indian High Commissioner and Principal Secretary for Trade Md Jafar Uddin exchanged Memorandum of Understanding on Establishing a Framework for Cooperation in the Field of Trade Remedies between Bangladesh and India .

The main objective of the MoU is to promote cooperation between the two countries in the field of trade remedies, covering the broad activities related to information exchange, undertaking capacity building activities and activities in accordance with various provisions of the World Trade Organization in the field of anti-dumping, countervailing and safeguard measures in bilateral trade between India and Bangladesh.

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