With focus on deciding the negotiation roadmap for India-Bangladesh Comprehensive Economic Partnership Agreement (CEPA), Bangladesh's commerce minister Tipu Munshi will be on India visit next week. He will hold talks with Indian trade minister Piyush Goyal on 22nd and 23rd December during the visit. Both countries have already finalised a Joint Feasibility Study when it comes to CEPA.

The CEPA pact, when signed, will be the first major such accord&nbsp;Dhaka has with any big country in Asia. The India-Bangladesh joint statement issued after Bangladesh PM Hasina's India visit earlier this year and meeting with PM Modi had a key emphasis on signing of the trade pact. The joint statement said that the leaders "directed trade officials on both sides to start negotiations within the calendar year 2022 and to complete these at the earliest, in time for Bangladesh’s final graduation from LDC status."

Bangladesh is India’s biggest trade partner in South Asia and India is the second biggest trade partner of Bangladesh in Asia. Despite the disruptions due to Covid pandemic, bilateral trade grew at almost 44% from US$ 10.78 billion in FY 2020-21 to US$ 18.14 billion in FY 2021-22. India is also Bangladesh’s largest export destination in Asia.

During the Bangladesh trade minister's visit, Dhaka's focus will also be on getting more essential items like wheat from India. Amid the Russia-Ukraine conflict, prices of commodities globally have increased and New Delhi is reaching out to neighbours with supplies. To help low-income countries fight against price rise and shortage of foodstuff, India has exported more than 1.8 million tonnes of wheat to countries in need, including Afghanistan, Myanmar, Sudan, and Yemen.

Dhaka will also raise the issue of anti-dumping duties on Bangladesh's jute and jute-made products. India had imposed an anti-dumping duty on Bangladesh jute in January 2017 which has been extended till 31st December this year.

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With focus on deciding the negotiation roadmap for India-Bangladesh Comprehensive Economic Partnership Agreement (CEPA), Bangladesh's commerce minister Tipu Munshi will be on India visit next week.

With focus on deciding the negotiation roadmap for India-Bangladesh Comprehensive Economic Partnership Agreement (CEPA), Bangladesh's commerce minister Tipu Munshi will be on India visit next week. He will hold talks with Indian trade minister Piyush Goyal on 22nd and 23rd December during the visit. Both countries have already finalised a Joint Feasibility Study when it comes to CEPA. The CEPA pact, when signed, will be the first major such accord Dhaka has with any big country in Asia. The India-Bangladesh joint statement issued after Bangladesh PM Hasina's India visit earlier this year and meeting with PM Modi had a key emphasis on signing of the trade pact. The joint statement said that the leaders "directed trade officials on both sides to start negotiations within the calendar year 2022 and to complete these at the earliest, in time for Bangladesh’s final graduation from LDC status." Bangladesh is India’s biggest trade partner in South Asia and India is the second biggest trade partner of Bangladesh in Asia. Despite the disruptions due to Covid pandemic, bilateral trade grew at almost 44% from US$ 10.78 billion in FY 2020-21 to US$ 18.14 billion in FY 2021-22. India is also Bangladesh’s largest export destination in Asia. During the Bangladesh trade minister's visit, Dhaka's focus will also be on getting more essential items like wheat from India. Amid the Russia-Ukraine conflict, prices of commodities globally have increased and New Delhi is reaching out to neighbours with supplies. To help low-income countries fight against price rise and shortage of foodstuff, India has exported more than 1.8 million tonnes of wheat to countries in need, including Afghanistan, Myanmar, Sudan, and Yemen. Dhaka will also raise the issue of anti-dumping duties on Bangladesh's jute and jute-made products. India had imposed an anti-dumping duty on Bangladesh jute in January 2017 which has been extended till 31st December this year.

Bangladesh commerce minister Tipu Munshi to visit India next week

Onion prices in <a href="https://www.wionews.com/south-asia/bangladesh-pm-hasina-accuses-myanmar-of-defying-promise-over-repatriation-of-rohingyas-225839">Bangladesh</a> have doubled over the past two weeks after floods ravaged the crop and as imports from top supplier India became expensive after New Delhi withdrew incentives for overseas sales, industry officials told Reuters.

Onions are used as the base for traditional dishes across Asia such as biryani in Pakistan and India, belacan in Malaysia and fish curry in Bangladesh.

Prices in Bangladesh doubled to 50 takas ($0.59) per kg because of floods and traders say they could rise further ahead of the Eid-ul-Adha festival in August when demand usually goes up for the vegetable.

"The upward trend due to supply shortage could continue over the next few months," said Dhaka-based trader Hazi Shahid, adding the country has to raise imports from India to calm prices.

Severe flooding has killed at least 61 people, displaced nearly 800,000 and inundated thousands of homes across one-third of Bangladesh, government officials said on Tuesday, after two weeks of heavy monsoon rains.&nbsp;

The price rise has become a headache for the government of Bangladesh Prime Minister Sheikh Hasina, which may plan sales of subsidised onions through the state-run Trading Corporation of Bangladesh (TCB).

"The price hike is like a nightmare for me. If prices of onions don`t come down soon, we`ll start selling in the open markets through the TCB," Commerce Minister Tipu Munshi said. Indian suppliers have fallen after New Delhi discouraged exports.

India withdrew 10 per cent export incentives on onion in June after the prices of the bulb jumped 47 per cent in a month in the local market due to dwindling supplies.&nbsp;

As the subsidy has been withdrawn, Indian exporters have to charge more for overseas sales, said Ajit Shah, president of the Mumbai-based Onion Exporters` Association.

Even in India supplies are limited and the planting of summer-sown crops has been delayed in some areas due to low rainfall, Shah said.

India`s monsoon rains to date have been 19per cent below average since the season began on June 1, according to the India Meteorological Department.

India exported 2.2 million tonnes of fresh onions in the 2018/19 fiscal year ended on March 30.

During the same time, Bangladesh imported 578,111 tonnes of onions from India, according to data compiled by India`s Agricultural and Processed Food Products Export Development Authority.

Onion prices in Bangladesh are unlikely to come down unless prices fall in India with a bumper production, said an exporter based in Kolkata, adding, however, that the "Indian crop is not looking great due to uneven distribution of monsoon rains." 
&nbsp;

Onion prices in Bangladesh have doubled over the past two weeks after floods ravaged the crop and as imports from top supplier India became expensive after New Delhi withdrew incentives for overseas sales, industry officials told Reuters.

Onion prices in Bangladesh have doubled over the past two weeks after floods ravaged the crop and as imports from top supplier India became expensive after New Delhi withdrew incentives for overseas sales, industry officials told Reuters. Onions are used as the base for traditional dishes across Asia such as biryani in Pakistan and India, belacan in Malaysia and fish curry in Bangladesh. Prices in Bangladesh doubled to 50 takas ($0.59) per kg because of floods and traders say they could rise further ahead of the Eid-ul-Adha festival in August when demand usually goes up for the vegetable. "The upward trend due to supply shortage could continue over the next few months," said Dhaka-based trader Hazi Shahid, adding the country has to raise imports from India to calm prices. Severe flooding has killed at least 61 people, displaced nearly 800,000 and inundated thousands of homes across one-third of Bangladesh, government officials said on Tuesday, after two weeks of heavy monsoon rains. The price rise has become a headache for the government of Bangladesh Prime Minister Sheikh Hasina, which may plan sales of subsidised onions through the state-run Trading Corporation of Bangladesh (TCB). "The price hike is like a nightmare for me. If prices of onions don`t come down soon, we`ll start selling in the open markets through the TCB," Commerce Minister Tipu Munshi said. Indian suppliers have fallen after New Delhi discouraged exports. India withdrew 10 per cent export incentives on onion in June after the prices of the bulb jumped 47 per cent in a month in the local market due to dwindling supplies. As the subsidy has been withdrawn, Indian exporters have to charge more for overseas sales, said Ajit Shah, president of the Mumbai-based Onion Exporters` Association. Even in India supplies are limited and the planting of summer-sown crops has been delayed in some areas due to low rainfall, Shah said. India`s monsoon rains to date have been 19per cent below average since the season began on June 1, according to the India Meteorological Department. India exported 2.2 million tonnes of fresh onions in the 2018/19 fiscal year ended on March 30. During the same time, Bangladesh imported 578,111 tonnes of onions from India, according to data compiled by India`s Agricultural and Processed Food Products Export Development Authority. Onion prices in Bangladesh are unlikely to come down unless prices fall in India with a bumper production, said an exporter based in Kolkata, adding, however, that the "Indian crop is not looking great due to uneven distribution of monsoon rains."

Onion prices surge in Bangladesh on floods, lower Indian supply

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Bangladesh commerce minister Tipu Munshi to visit India next week

Onion prices surge in Bangladesh on floods, lower Indian supply