India-Bangladesh Economic Partnership Agreement to take place soon
India-Bangladesh Economic Partnership Agreement to take place soon

New Delhi: Bangladesh on Tuesday said that the Comprehensive Economic Partnership Agreement (CEPA) with India may take place soon, even though no timeframe are fixed as of now.

Salman Rahman, Sheikh Hasina of Bangladesh's prime minister's advisor on business and private investment, told reporters that although "there is much work to be done before negotiations on it (CEPA) commence, it should happen sooner rather than later." He said that although no particular timetables for the agreement had been established, both Bangladesh and India had agreed that discussions will shortly start.

Speaking with reporters outside of a FICCI event, Rahman stated, "Given the tight ties and level of collaboration between the two countries, it should happen sooner rather than later."

Deliberations on CEPA would soon start, Prime Minister Narendra Modi had stated earlier on Tuesday during the joint press conference with Sheikh Hasina.
The fundamental goal of the planned economic agreement, known as CEPA, between the two nations is to close the enormous trade imbalance between India and Bangladesh.

Trade in commodities, services, and investment are the three main focuses under it.

On Tuesday, Prime Minister Narendra Modi said that India and Bangladesh should work together to combat terrorist and fundamentalist groups that pose a danger to their mutual trust. Modi made these comments following their private meeting with Sheikh Hasina, the prime minister of Bangladesh, who was in town and pushed hard for the swift conclusion of the Teesta water sharing accord.

Bangladesh and Iindia inked an interim water sharing agreement on the Kushiyara river, which would have advantage for people of southern Assam and the Sylhet division of Bangladesh. This was the first water-sharing agreement signed by India-Bungaledesh since the Ganga water treaty in 1996.

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