India looks to advance trade deal with Bangladesh: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Monday said India was looking to advance a Comprehensive Economic Partnership Agreement (CEPA) with Bangladesh.

Bangladesh is India’s fifth largest export destination.

Addressing the inaugural session of India-Bangladesh stakeholders’ meet, Goyal said improving this connectivity further was imperative for expansion of the bilateral trade and realisation of the investment potential of Bangladesh and eastern India. Both countries should also explore potential areas of investments in textiles, jute products, leather and footwear, APIs for pharmaceuticals, medical equipment, agribusiness, among others, he said.

There is also a need to give more impetus to joint production of defence equipment.