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Trade Agreement Between Bangladesh And India

President Ershad visited India in 1982. [47] Prime Minister Sheikh Hasina travelled to India in 2010 to sign a series of agreements. [48] Indian Prime Minister Dr. Manmohan Singh travelled to Dhaka in 2011 to sign a series of agreements. [49] Prime Minister Narendra Modi visited historic Bangladesh, which was a landmark, with the land border agreement being resolved in 2015. [50] “Given that Bangladesh has moved from the least developed country (LDC) to a developing country, India has proposed to negotiate a free trade agreement that includes goods and services that Lahiri believes. In 2018, the heads of state and government of both countries inaugurated the 130 km Bangladesh-India Friendship pipeline to deliver 4 tons of lakhe to Bangladesh. In September 2018, The Bangladesh cabinet approved a draft agreement with India allowing it to use the seaports of Chittagong and Mongla to transport goods to and from its landlocked states in the northeast. [34] [35] Starting in October 2013, India began exporting 500 megawatts of electricity per day to Bangladesh over a 35-year period. A 125 km transmission line from Baharampur-Bheramara, including 40 kilometres in Bangladesh, connects the two substations. The Bangladeshi authorities estimate that exports would significantly alleviate the national shortage once 500 MW would feed the national grid.

The country`s prime ministers also unveiled the plate for the 1,320 MW Rampal coal-fired power plant, a joint venture between the two countries. [28] The link is seen as an important step in strengthening bilateral relations and comes at a time when India is desperately trying to make up for its inability to meet two important pacts with Bangladesh: one on Teesta waters and the land delimitation pact. [29] Since 2018, discussions on a EPA have been conducted informally, in the context of increased Chinese investment in Bangladesh and due to the dysfunction of some previous trade agreements. These include the South Asian Free Trade Area (SAFTA) – a free trade agreement within the framework of the South Asian Association for Regional Cooperation (SAARC). In September 2011, the two countries signed a major border delimitation agreement to end four decades of border conflicts. It became known as the Tin Bigha Corridor. India has also granted 24-hour access to Bangladeshi citizens in the Tin Bigha corridor.