Agreement On Coastal Shipping Between India And Bangladesh

India and Bangladesh have concluded a coastal agreement on the development of trade between the two nations. However, despite these agreements, cracks could also occur if certain irritants are not treated as a priority. Hasina asked Modi to immediately conclude the interim agreement on the sharing of the waters of the Teesta River, as agreed by the two governments in January 2011. Article 2 of the 2011 Framework Agreement on Development Cooperation outlines the commitment of both countries to address holistically the issue of water resources management of common rivers, including joint water sharing, through joint basin management. At present, there are no restrictions on internationally standard vessels trading between India and Bangladesh. However, the Agreement on Coastal Navigation only allows for a lower standard for trade between the two countries. Discussions on coastal navigation have been ongoing since 2012 and a broad agreement was reached in Dhaka in June 2014, with the agreement on coastal navigation concluded a year later. Such cooperation in coastal shipping between India and Bangladesh is based on the principles of national sovereignty and mutual benefit, in accordance with national laws and international conventions. Indian ports, which serve as transshipment ports for Bangladeshi cargo, will benefit from improved coastal traffic between India and Bangladesh. In addition, Dhamra Port, V.O.

Chidambaranar Port Trust (formerly Tuticorin Port Trust) and Kamarajar Port Ltd will be included in the agreement as ports of call. During his visit, Modi Hasina presented an ancnos to INS Vikrant, which played an important role in the liberation war in Bangladesh. The maritime sector has always played a decisive role in bilateral cooperation. Coastal shipping has the potential to redefine connections not only with the movement of freight, but perhaps also with the movement of passengers. Similarly, cooperation in the field of blue economy will lead to sustainable development and exploitation of marine resources, which will benefit both India and Bangladesh. . . .