Wednesday, June 15, 2016

Transit facilty inagurates with India

Indian transit thru BD begins formally

Bangladesh and India are set to formally allow transit facility for trade and transportation, with provision of a third-country access. Goods in transit will be brought from Kolkata to Ashuganj through a river route and then from Ashuganj to Agartala, the capital of Tripura, on land route. It will be inaugurated with transshipment of a consignment to India's northeastern state. All charges are to be bourne by Indian traders, which was free previously.

Under the revised agreement both India and Bangladesh would use each other's territories for transiting goods to a third country. The modified deal would enable Bangladesh to use Indian territories for transporting goods to Nepal and Bhutan. Similarly, India would access Myanmar by crossing over Bangladesh.
However, the fee agreed upon did not consider issues like congestion and environmental degradation. These are some of the issues included in government formed core-committee and international practices. A possible fee of Tk 1058 per tonne, is set at Tk192 per tonne. Read more in the link below.

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