The proposed Comprehensive Economic Partnership Agreement (CEPA) with India is going to be a real shot in the arm for Bangladesh that is set to lose duty preferences after its graduation to a developing nation.

Once the trade deal is signed, Bangladesh's export earnings will go up by $3-5 billion and India's by $4-10 billion in next 7-10 years, according to a final draft report of the joint feasibility study by Dhaka and Delhi.

New investment windows will also open up for both the countries thanks to the proposed CEPA, which is a little different from FTA as it covers many issues, including trade in goods and services, investment, intellectual property rights and e-commerce, according to the draft report submitted to the commerce ministry on Monday.

Md Jafor Uddin, chief executive officer at Bangladesh Foreign Trade Institute, told The Business Standard, "We have submitted [the draft report] to the ministry, which will be finalised at a meeting of the advisory committee chaired by the commerce secretary following a discussion with stakeholders."

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