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Saturday, October 30, 2010

[ALOCHONA] Re: Trade gap with Delhi increases to $2.91b

Dear Alochoks,

The trade gap between India and BD has continued to widen and the current government has done nothing about this matter. India is choking the BD economy by exporting huge quantities of goods that local industry can not compete with.

An article on the Daily Star states that BD could earn $2.3Bn over 30 years if she allows trasit facility to India and other countries! This is a paultry (peanuts) figure compare to how much India will benefit in terms of export revenues! BD earns more in exporting garments and other goods in a single year!

If India is allowed to export their goods and services via BD it will make their goods (such as garments, leather and electronics good) more competetive compare to BD and most of the industries in BD will disappear overnight.

A relative of mine works in an air freight company. One day I asked him why most of the garment manufacturer are located around Dhaka and Chittagong? He stated that if we had garment factories in places like Rangpur or Dinajpur - then the transit cost of finished products makes it less competetive to sell to the foreign buyers. Northern towns like Rangpur and Dinajpur are only 150 miles way from the Capital!

Whereas cities like Delhi, Mumbai in India are thousand miles away from the ports of Chittagong. By transiting their goods through BD they will save significant amount of hard cash in exporting their goods. They will be more competetive and our industries in BD will not be able to compete with Indian industries.

Does our politicians care about this at all? Does the civil society of BD - those babu sahibs living in luxury apartments in cities of BD give a damn about this? Well, I live in the UK and I could say to myself it does not affect me, so why should I bother writing this from thousands of miles away from BD? It appears that some of us living thousands of miles way from home cares more about the home than those who are living in it!

Salam.
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--- In alochona@yahoogroups.com, "ezajur" <Ezajur@...> wrote:
>
> An hour of Faruk's valuable time at the Indian ministry should soon solve the problem.
>
> Also, with a bit of luck we could sell enough fish and gadha marka batteries at the border haats to really close the trade gap.
>
>
>


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