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Bangladesh Cabinet approves a revised trade deal with India

Bangladesh Cabinet has approved a revised trade agreement with India under which both the nations will be able to use each other’s land and water routes for the purpose of sending goods to a third country.

“This is a huge achievement for Bangladesh…under the agreement we (Bangladesh) will now be able to use Indian, roads, railways and waterways in transshipment of goods to Bhutan and Nepal,” Cabinet Secretary M Musharraf Hossain Bhuiyan said.

Under the deal India will also be able to send goods to Myanmar through Bangladesh, he said.

A provision is incorporated in the agreement that the deal would be renewed automatically after five years if either of the countries did not have any objection.

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