1. India, Bangladesh ink 22 agreements: All you wanted to know

India, Bangladesh ink 22 agreements: All you wanted to know

India and Bangladesh on Saturday signed 22 agreements and MoUs for co-operation in areas of trade, investment, education, climate change and Information and Communication Technology.

By: | Published: June 7, 2015 12:01 PM

On PM Narendra Modi’s Bangladesh visit, India and the neighbouring country on Saturday signed 22 agreements and MoUs for co-operation in areas of trade, investment, education, climate change and Information and Communication Technology.

Besides the landmark exchange of Instruments of Ratification of 1974 Land Boundary Agreement and its 2011 Protocol; New Delhi and Dhaka inked the exchange of letters on modalities for implementation of 1974 Land Boundary Agreement and its 2011 Protocol; bilateral trade agreement (renewal).

The two nations also signed an agreement on coastal shipping; protocol on inland water transit and trade (renewal); bilateral cooperation agreement between Bangladesh Standards and Testing Institution (BSTI) and Bureau of Indian Standards (BIS) on cooperation in the field of standardization; agreement on Dhaka-Shillong-Guwahati bus service and its protocol; agreement on Kolkata-Dhaka-Agartala bus service and its protocol.

The other agreements include MoUs between coast guards; on prevention of human trafficking; on prevention of smuggling and circulation of fake currency notes.

The two neighbours also signed an MoU for extending a new line of credit (LoC) USD 2 billion by Government of India to Government of Bangladesh; as well as an MoU on blue economy and maritime cooperation in the Bay of Bengal and the Indian Ocean; on use of Chittagong and Mongla ports; and for a project under IECC (India Endowment for Climate Change of SAARC).

The agreements also included a MoU on Indian economic zone; cultural exchange programme for the years 2015-17; statement of intent on Bangladesh-India Education Cooperation (adoption) and an agreement between Submarine Cable Company Limited (BSCCL) and Bharat Sanchar Nigam Limited (BSNL) for leasing of international bandwidth for internet at Akhaura.

A Memorandum of Understanding (MoU) between University of Dhaka, Bangladesh and Council of Scientific and Industrial Research, India for Joint Research on Oceanography of the Bay of Bengal; another between University of Rajshahi, Bangladesh and University of Jamia Millia Islamia, India and handing over of consent letter by Insurance Development and Regulatory Authority (IDRA), Bangladesh to Life Insurance Corporation (LIC), India to start operations in Bangladesh.

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