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World Affairs, I.R.
Mahesh

06/09/22 09:49 AM IST

Bangladesh PM Sheikh Hasina Arrives In India

In News 
  • On the occasion of, Sheikh Hasina’s much-anticipated visit to India, countries are expected to sign at least one major river agreement.
India- Bangladesh 
  • India and Bangladesh are expected to sign an interim agreement of sharing of the Kushiyara river water.
  • Sixth largest trading partner: Bangladesh is India’s sixth largest trade partner with bilateral trade rising from $2.4 billion (two point four) in 2009 to $10.8 billion in 2020-21.
  • Bangladesh imports critical industrial raw materials from India on which its exports are reliant.
  • Bangladesh’s exports could rise 182% under a free trade agreement.
  • This could become 300% if combined with trade facilitation measures and reduced transaction costs.
  • Bangladesh also could improve several manufacturing industries by leveraging Indian expertise in service sectors.
Connectivity
  • Both countries jointly inaugurated the newly restored railway link between Haldibari (India) and Chilahati (Bangladesh).
  • Agreed to an early operationalization of the Bangladesh-Bhutan-India-Nepal (BBIN) initiative Motor Vehicles Agreement through the expeditious signing of the Enabling MoU
  • The second addendum to the Protocol on Inland Water Transit and Trade (PIWTT) was signed recently
  • Kolkata-Dhaka-Agartala Bus Service also launched in 2015. This reduced the distance between Kolkata and Agartala from 1,650 km to just 500 km.
The Teesta river water dispute
  • The 2011 interim deal aims to share the Teesta river water between India and Bangladesh about 42.5 per cent and 37.5 per cent respectively.
  • But, the state of West Bengal object to this demand and never signed the deal, and strain in this issue goes on.
China's Role 
  • China has been actively pursuing bilateral ties with Bangladesh.
  • Bangladesh had successfully approached China for a mega project to enhance the Teesta river water flow.
  • Bangladesh also requires China’s support in resolving the Rohingya refugee crisis.
  • Bangladesh is the second biggest arms market for China after Pakistan.
Source- The Hindu 

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