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Portal aimed at boosting trade between India's northeast and Bangladesh launched

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Northeast India, Bangladesh look at measures to boost trade

A specially designed portal has been launched to facilitate trade between Bangladesh and India’s northeast. The portal has been developed by the Indian Chamber of Commerce (ICC) along with Bangladesh Assistant High Commission in Guwahati.

The portal, aimed at facilitating business to business dealings and collaborations, contains a detailed database of exporters and importers of northeast India and Bangladesh. The portal will also serve as a common platform where buyers and sellers of both two countries would be able to carry on business dealings and negotiations.

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ICC's Regional Director, Ishantor Sobhapandit, said this is the first website for exporters and importers of the two countries, reported Bangladesh based news organisation the Daily Star.

Bilateral trade between the two neighbours is estimated at around $10 billion but analysts said that the volume and value of informal trade is “substantial.” Among the northeastern states, Assam, Tripura, Meghalaya and Mizoram share their borders with Bangladesh. Besides, West Bengal too shares its border with Bangladesh. Of the total estimated bilateral trade of $10 billion, the northeastern states account for only 1 per cent much below the potential.

Meanwhile, the border haats or the micro local markets along the border areas have also contributed to bilateral trade. Both India and Bangladesh governments are now looking at ways to further boost these local markets.