Indo-Bangla MoU to open shipping routes

Bangladesh is likely to allow India’s passenger and cruise vessels through its waterways helping the landlocked northeast to have better connectivity. Md. Shahriar Alam, Minister of State for Foreign Affairs, Bangladesh, reportedly announced that the two countries were planning to start a movement of passenger and cruise vessels on coastal shipping routes and a memorandum of understanding is to be signed between New Delhi and Dhaka for the same. The Indo-Bangla coastal shipping agreement has opened up new avenues of connectivity and trade facilitation. The declaration by Alam comes amid a spate of other initiatives over the past couple of years that have allowed India transit rights through Bangladesh for better connectivity between the Northeast and other parts of India. The Indo-Bangla MoU on the use of Chittagong and Mongla ports by India would further enhance connectivity not only bilaterally but also sub-regionally when Nepal and Bhutan become part of the Bangladesh-Bhutan-India-Nepal (BBIN) initiative. BBIN is a sub-regional architecture of countries in South Asia to formulate, implement and review quadrilateral agreements across areas such as water resources management, connectivity of power, transport and infrastructure. BBIN signed a Motor Vehicles Agreement last year. It enables vehicles to enter any of the four nations without the need for trans-shipment of goods from one country’s truck to another’s at the border. Under the system, cargo vehicles are tracked electronically; permits are issued online and sent electronically to all land ports.
Source: Economic Times