India and Bangladesh Trade

Mapping

Source: PIB

 

India and Bangladesh officials emphasized the need for coordinated border management to address trans-border crimes. Also, the Shipping Secretary Level Talks between India and Bangladesh in Dhaka concluded with decisions such as easing visa issuance, shore-leave facility, and repatriation for seafarers.

 

Key outcomes involve:

  • The establishment of a land route at LCS Radhikapur and Hodibari to enhance trade and connectivity
  • Bangladesh plans to extend the Indo-Bangladesh Protocol (IBP) route, designating Safardighi as a new port of call
  • Common Automatic Identification System (AIS) on the IBP route for better vessel navigation and tracking
  • Inclusion of Payra seaport in the Agreement on the use of Chattogram and Mongla Ports for Movement of Goods (ACMP)

 

With a bilateral trade volume worth $16bn, India is Bangladesh’s second-largest trading partner after China.