India And Bangladesh Can Benefit From Growing Trade And Economic Ties

Bangladesh

Bangladesh’s stable economic development is creating new opportunities for India’s northeastern states and work on a CEPA trade agreement is ongoing. The two countries are celebrating 50 years of India-Bangladesh friendship and India’s President Ram NathKovind is currently on an official trip to Bangladesh.

2021 marks the golden jubilee of the liberation of Bangladesh and fifty years of India-Bangladesh diplomatic ties. India’s President Ram NathKovind is currently on a three-day state visit to Bangladesh from December 15 to 17, 2021; this is his first state visit since the outbreak of the COVID pandemic.

Speaking on the state of bilateral ties in November, India’s Defense Minister Rajnath Singh affirmed that India Bangladesh relations are going through a golden phase. As Bangladesh attains “developing nation” status (upgrading from “less developed country” status), India has reiterated its commitment to deepen trade and economic ties with Bangladesh as partners rather than competitors. That Bangladesh is India’s biggest trade partner in South Asia, with a volume of over US$10 billion, is testimony to this commitment. In the same pursuit, both countries are working to finalize a Comprehensive Economic Partnership Agreement (CEPA).

Bangladesh’s holistic development is also viewed positively by New Delhi with new opportunities arising along India’s northeast region. Bangladesh and India share a 4096-kilometer-long (2545 miles) international border, the fifth-longest land border in the world, i