India today approved the Memorandum of Understanding (MoU) signed with Bangladesh on March 27 on the establishment of a framework of cooperation in the area of trade remedial measures.
The approval was given at the cabinet meeting held today with Prime Minister Narendra Modi in the chair, an official handout said.
The primary objective of the MOU is to promote cooperation between the two countries in the area of trade remedies, covering the broad activities related to exchange of information, undertaking capacity building activities and activities in accordance with various provisions of WTO in the area of anti-dumping, countervailing and safeguard measures in bilateral trade between India and Bangladesh.
The MOU seeks to foster better cooperation between the relevant authorities of both the countries to discourage unfair trade practices and promote rule based bilateral trading between the two countries, the handout added.
