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Bangladesh govt approved India to use the Chittagong and Mongla seaports

Posted on:18 Sep 2018 12:23:11
Bangladesh govt approved India to use the Chittagong and Mongla seaports
18 September 2018 Current Affairs:

Bangladesh’s Cabinet approved a proposed agreement with India to allow it to use the Bangladesh seaports. The approved agreement will be effective for five years. The agreement would allow India to Chittagong and Mongla seaports for transporting goods to and from the northeastern States. 
Only Bangladeshi vehicles may be used as freight transport to move the goods while they are in Bangladeshi territory. India must also follow GATT and Bangladeshi regulations and also pay the customs duties and buy tax equivalent bonds. Any cargos that move through Bangladesh will be monitored by a tracking system. The decision by Bangladesh is a step toward improving the friendly relations between Bangladesh and India.

Bangladesh’s Cabinet approved a proposed agreement with India to allow it to use the Bangladesh seaports. The approved agreement will be effective for five years. The agreement would allow India to Chittagong and Mongla seaports for transporting goods to and from the northeastern States. 
Only Bangladeshi vehicles may be used as freight transport to move the goods while they are in Bangladeshi territory. India must also follow GATT and Bangladeshi regulations and also pay the customs duties and buy tax equivalent bonds. Any cargos that move through Bangladesh will be monitored by a tracking system. The decision by Bangladesh is a step toward improving the friendly relations between Bangladesh and India.


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