Trade Agreement Between India And Bangladesh

“The EPA between India and Bangladesh can help promote bilateral trade between the two countries. As Bangladesh will end the status of least developed countries by 2024 in order to maintain duty-free access to India, Bangladesh must sign a free trade agreement with India. As a dysfunctional SAFTA, CEPA will be a success with a bilateral integrated free trade agreement,” said Selim Raihan, Professor (Economics), Dhaka University and Executive Director, South Asian Network on Economic Modeling. Bilateral trade between Bangladesh and India exceeded $10 billion in 2018/2019. [56] India lends to Bangladesh on favourable terms relative to China`s loans on less favourable terms (see debt trap). [56] Last year, at the end of bilateral talks between Prime Minister Narendra Modi and Bangladeshi Prime Minister Sheikh Hasina, the two sides agreed to accelerate the joint working group on the possibility of EPA. In addition, the military of both countries has played a very important role in integrating common themes to improve and implement training programmes in counter-terrorism, natural disasters, humanitarian assistance and disaster relief (HADR). Very recently, in March 2019, Indian Army`s current Chief of Staff, then as GOC-in-C of the Eastern Army Command, General M.M. Naravane visited the Chief of the Army Staff of Bangladesh, General Aziz Ahmed, to discuss strengthening the exchange of information between the two countries and the development of other areas of defence cooperation. The visit was especially attended by Myanmar`s decision to take strong action to combat insurgent groups that have foiled terrorist activities on both sides of India and Myanmar, and it discussed options for improving military exercises more quickly and quickly. [41] In addition, in 2014, the defence sectors of both countries prepared a solution to maritime disputes and dealt with the resolution of their land disputes. Defence relations between the two countries have become a diversity, followed by an exchange of diplomatic visits by Bangladeshi army chief General Moeen Ahmed in 2008. Nevertheless, there is a continuous influx of reciprocal visits from the heads of the armed forces, presidents, who are also the commanders-in-chief of the armed forces who have exchanged visits.

Former Indian President Pranab Mukherjee visited Dhaka in March 2013, where Bangladeshi President Abdul Hamid visited New Delhi in December 2014. However, during Prime Minister Sheikh Hasina`s visit to New Delhi in 2017, the two countries signed a series of Memorandums of Understanding (MoUs) in areas of defence cooperation focused on specific areas such as.B. The 12th meeting of the Joint Trade Working Group (JWG) was also held in New Delhi at the level of additional secretaries and the two sides held discussions on trade between the two neighbours.

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