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ED: Inland connectivity is mutually beneficial

  • Published at 07:53 pm September 5th, 2020
INDIA BANGLADESH
Photo: Bigstock

Through the new trade route, it is expected that both countries will reap benefits and further strengthen this bond

The connectivity established between Bangladesh and India’s state of Tripura via the inland waterways of Bangladesh is extremely encouraging, and further strengthens the bilateral trade understanding between the two countries.

This route in particular will have huge benefits for both Bangladesh and India, as it opens up a completely new trade route between the two countries, and Bangladesh getting access to a different market with which to trade goods. Indeed, the connectivity established provides a more economical, faster, safer, and cleaner modes of transportation for traders and business communities of both sides.

It is extremely important now that both countries work to ensure that this trade route is utilized to its full potential. The initial test run, in which Bangladeshi vessel MB Premier headed out on its journey on Thursday to Sonamura of Tripura after a 93km journey on the Gumti River, should be the first of many, and any adjustments that need to be made should be explored to make this route as operationally efficient as possible.

For Bangladesh, this presents a golden opportunity to access the Indian market, particularly the growing market of Tripura and possibly other eastern states of India. As experts have rightfully noted, Bangladesh exporters will have to be incentivized by the government, so as to successfully utilize this route for exports. 

Tripura is going through a transformation of its own, and Bangladesh can capitalize on this need for goods and material.

Bangladesh and India have long had strong bilateral ties. Through the new trade route, it is expected that both countries will reap benefits and further strengthen this bond.