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New Delhi, Dhaka to hold talks on comprehensive ties

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New Delhi, Dhaka to hold talks on comprehensive ties

  • India and Bangladesh agreed to begin a dialogue on a comprehensive economic partnership agreement (CEPA) paving the way for broader economic ties between the two neighboring economies.

Highlights:

  • The Prime Minister of India said the two sides will intensify connectivity and energy collaboration, and announced that trade between the two countries is being conducted in the Indian currency.
  • Between Akhaura and Agartala, the sixth India-Bangladesh cross-border rail link has been started.
  • Cargo facility for India’s northeastern States has been started through the Khulna-Mongla Port.
  • Both units of the 1,320-MW Maitree Thermal Power Plant have started generating electricity.
  • Trade in Indian rupee has started between the two countries.

Focus on connectivity

  • The two sides signed multiple MoUs covering maritime cooperation and economy, rail connectivity, oceanography, health and disaster management among others.
  • Elaborating on the MoU on railway connectivity apart from the six existing cross-border railway links between the countries, the document focuses on “transit that they afford between different parts of India through the territory of Bangladesh.”
  • The connectivity essentially strengthens a very large part of economic infrastructure within Bangladesh.
  • It is understood that India will attempt to run a train service in the near future that will connect north-eastern States like Tripura with West Bengal through the territory of Bangladesh.
  • Rangpur, which is strategically located between West Bengal and Assam, is also important as it is nurtured by the waters of the Teesta, which is a matter of protracted negotiation between the countries.
  • The prime minister announced that a technical team from India will soon visit Bangladesh to discuss conservation and management of the Teesta.
  • He also announced that India will start issuing e-medical visas to deal with the surging demand for medical visas from Bangladesh.

Prelims Takeaway:

  • India’s Neighbourhood
  • North-East

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