Transit Agreement Between Bangladesh And India

Bangladesh and India signed a coastal agreement in 2018 allowing India to use the ports of Chattogram and Mongla for the transport of goods to the states of Tripura, Assam and Meghalaya. From ports, goods are transported to these countries by a combination of road, rail and inland waterways. Although Bangladesh can benefit from the infrastructure projects that are taking place to facilitate this transit, it could not reap other benefits from the agreement. Transit fares for India are currently exceptionally low on river routes. According to river protocol, Bangladesh only charges BDT 277 for each tonne of cargo. This is very low compared to the initial recommendation of BDT 1058 by the central committee created by the Ministry of Commerce. Under the renewed Inland Waters Transit and Trade Protocol (PIWTT) between Bangladesh and India, there are ten waterways known as the Indo Bangladesh Protocol (IBP). There are also eleven ports of call and two extended ports of call in both countries. [1] The treaty, as well as its extension, gives Bangladesh the opportunity to further connect with the northeastern states of India, as well as Bhutan and Nepal. A trade and transit agreement allows goods from one country to pass through another in order to achieve a separate purpose. India and Bangladesh signed their first transit agreement in November 2010.

In 2015, the two governments signed a protocol allowing India to use four river routes through Bangladesh that would connect Kolkata and Morhidabad to Assam, Tripura and Meghalaya. [2] However, the impact was not in line with expectations, as only 13 freight vehicles travelled routes until 2020 and earned only BDT 2.8 million in transit rights for Bangladesh. The People`s Republic of Bangladesh and the Republic of India have a long-standing and proven protocol on transit and trade through the waterways of the two countries. This protocol, first signed in 1972 (immediately after Bangladesh`s independence), reflects the shared history and friendship between the two countries. It was last extended by five years in 2015, with a provision for its automatic five-year extension, in order to give different stakeholders the long-term guarantee. . . .

VN:F [1.9.20_1166]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.20_1166]
Rating: 0 (from 0 votes)

Comments are closed.