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Piyush Goyal meets Bangladeshi FM, discusses ways to boost trade, investment ties

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NEW DELHI : On the sidelines of the 7th Round of India-Bangladesh Joint Consultative Commission, Union Commerce Minister Shri Piyush Goyal discussed ways to boost trade and investment ties with the Bangladeshi Foreign Minister Dr AK Abdul Momen on Sunday.

Taking to Twitter, Goyal wrote, “Discussions focussed on exploring ways to enhance bilateral trade & investment giving a further boost to economic ties between the two countries.”

External Affairs Minister Shri Dr. S Jaishankar on Sunday expressed confidence in India-Bangladesh ties and said that the countries look forward to cooperating in new domains including cyber security and the upgradation of the railway system.

Jaishankar also spoke at length on the landmark achievements in the partnership between both nations. Speaking on the trade connection between both the nations, Jaishankar noted, “Today Bangladesh is our largest development partner, it is our largest trade partner in the region; it is our largest visa operation overseas. And that really underlines every aspect of our cooperation. And we, in turn, are your largest export destination in Asia. I am glad to see that your exports have doubled to USD 2 billion this year.”

The EAM also said that India looks forward in boosting bilateral cooperation in new domains. “So, we now look forward to working with you to take our ties to new domains- Artificial Intelligence, cyber security, startups, Fintech. We were pleased to receive your ICT Minister. We had a very good visit by your Railway Minister recently and I am glad to expand our cooperation on upgradation of our railway system,” Jaishankar noted.

Meanwhile, at the India-Bangladesh JCC meeting, AK Abdul Momen, Foreign Affairs Minister of Bangladesh, said that the relationship between both countries is based on mutual trust. FM Momen called India the “most important neighbor”.

“India is the most important neighbor of Bangladesh. Initiatives taken by both nations have helped us achieve stability & development across the region.

Bangladesh-India relations are based on mutual trust & respect,” the Bangladeshi FM said.

The JCC was held to review the bilateral ties including cooperation in the wake of COVID-19, border management and security, trade and investment, connectivity, energy, water resources, development partnership, and regional and multilateral issues, the MEA said earlier in a statement.

This is the first physical meeting since the COVID-19 pandemic broke out. The previous meeting was held in 2020 virtually.

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